Answer:
The formula is F = P(1 + interest percent)^n
Here,
p =8000 dollar
interest percent =5.5% = (5.5/12)/100 =0.004583 (compounded monthly)
n =7 x 12 =84 (compounded monthly)
=> Mark's account balance after 7 years
F = 8000*(1+0.004583)^84 =11746.2503 dollar
Answer:
Here's how to reduce a fraction: Break down both the numerator (top number) and denominator (bottom number) into their prime factors. Cross out any common factors. Multiply the remaining numbers to get the reduced numerator and denominator.
Answer:
Percentage Calculator: 14 is what percent of 56? = 25.
Step-by-step explanation:
He worked 5 hours in total: 35$ for the first hour, + 23 + 23 + 23 + 23 = 127$ for five hours of work.
