Answer:
Step-by-step explanation:
basicallyi you want to find a common denominator before you add them up. the common denominator in this case would be 20, since it's the first common multiple all of them share
50/20 plus 72/20 plus 55/20
177/20 would be your answer
Answer:
the answer is 2.7777
Step-by-step explanation:
You just divide!
<h3>
Answer: $7,853.16</h3>
Work Shown:
A = P*(1+r/n)^(n*t)
A = 4750*(1+0.10/2)^(2*10)
A = 12,603.164099436
A = 12,603.16
That represents the account balance after 10 years. To find the interest only, subtract off the deposit amount.
interest = A-P = 12,603.16 - 4,750 = 7,853.16
