Answer:
$15,539.67
Step-by-step explanation:
Compound Interest Formula

where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $11,000
- r = 5.8% = 0.058
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:



Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.
Answer: 320 g
Step-by-step explanation:
We can set up a ratio.
Let the amount of oats equal to x.
18/240 = 24/x
We can now cross multiply.
18x = 5760.
x = 320 g
The total amount of tax on her purchases is $378.47