Answer: 0.000007638035
Step-by-step explanation:
We can use the formula for compound interest to solve this.
Now, the formula goes thus:
A = P ( 1 + r/n)^nt
Where A is the amount compounded, P is the initial amount I.e the principal, r is the rate in % , t is the time while n is the number of times the interest is compounded per time I.e how many times per year.
From the question, we get the following parameters, A = $1912.41 , P = ? , t = 15 years, r = 2.63% and n = 1 of course.
Now, we substitute these into the formula
1912.41 = P ( 1 + 2.63) ^ 15
1912.41 = P ( 3.63) ^ 15
1912.41 = P ( 250,379,850)
P = 1912.41 ÷ 250,379,850
P = 0.000007638035
Looks pretty funny an answer right?
|____|____|____|____|____|____|____|____|
0 1/16 2/16 3/16 4/16 5/16 6/16 7/16 8/16
| _________________| _________________|
0 1/4 2/4
Answer:
Solve 3-6x >= 0
6x <= 3
x <= 1/2
Domain: All Real Numbers <= 1/2
X=-4 cause
-2=x+2
Then -4=x
Answer:
He should pay $2,790.7.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time, in years.
After t years, the total amount of money is:

In this question:
Rate of 10%, so I = 0.1.
9 months, so 
How much should he pay for a note that will be worth $3,000 in 9 months?
We have to find P for which T = 3000. So



Then





He should pay $2,790.7.