Answer:
B
Step-by-step explanation:
It will make 16 rotation
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P = $70, p = 2.5% = 0.025
q = 1 + 0.025 / 12 = 1.002
Future value of a periodic deposit:
A = P · q · ( q^30 - 1 ) / ( q - 1 )
A = 70 · 1.002 · ( 1.002^30 - 1 ) / ( 1.002 - 1 )
A = $2,166
Answer:
He will have $2.166 in 30 months.
9514 1404 393
Answer:
4254.31
Step-by-step explanation:
The compound interest multiplier is ...
m = (1 +r/n)^(nt) . . . . annual rate r compounded n times per year, t years
For 11% compounded quarterly for 18 years, the multiplier is ...
m = (1 +0.11/4)^(4·18) = 1.0275^72 ≈ 7.0516671
If 30,000 is the future value, then the present value is ...
PV = FV/m = 30,000/7.0516671
PV ≈ 4254.31
If he runs 6.5 metres per second, then you multiply 6.5 by 4 to get 26m
