Answer:
FV= $11,156.94
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $7,000
Number of periods (n)= 8 years
Interest rate (i)= 6% compounded annually
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 7,000*(1.06^8)
FV= $11,156.94
Answer:
The hourly drop between the two times is 1/40
Step-by-step explanation:
Firstly, we need to find the difference in time between 9 pm and 6:36 am
That would be 9 hours and 36 minutes
It would be needed to convert 36 minutes to hours
Mathematically, 60 minutes = 1 hour
So 36 minutes = (36 * 1)/60 = 36/60 = 0.6
So the difference between the two time is simple 9.6 hours
So the total drop during the time is given by 6/25
So the hourly drop will be 6/25 divided by 9.6
= 6/25 * 1/9.6 = 6/240 = 1/40
Answer:
60
Step-by-step explanation:
Because 7.7^2 equals 60,
Your question equals 1/16 or 0.0625.
Add the two together and divide the answer by 137.16 add it together