Mr.kowolishi ordered 35 boxes of granola bars
1 answer:
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Given:
Principal amount = $2000
Rate of interest = 3.5% compounded quarterly.
Time = 6 years
To find:
The amount after 6 years.
Solution:
The formula for amount after compound interest is:
Where, P is principal, r is rate of interest in decimal, n is the number of time interest compounded in an year and t is the number of years.
The interest is compounded quarterly, so .
Substituting , we get
Approximate the value to the nearest hundredth.
The amount after 6 years us $2465.10. Therefore, the correct option is A.
Answer:
the Fraction is 1
Step-by-step explanation:
- We divide 10 by 7 and we get 1.43 (simplest form)
- then we transform it to a fraction and get 1
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