Answer:
Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.
10000=P(1+0.0151)1⋅10
10000=P(1.015)10
10000=P(1.16054...)
8616.67=P
Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.
Step-by-step explanation:
Answer:
2 2/3
Step-by-step explanation:
well needs 1/3 cups for a cake and she only has 8 cups, so just multiply,
1/3x8=2 2/3
Answer:
12
Step-by-step explanation:
Use the PEMDAS
there is a parenthesis and exponents
9/3{(8) - 4)}
Multiply and divide 9/3= 3
Also subtract 8-4 = 4
3{8-4}
3(4)= 12
