Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
$4.80
Step-by-step explanation:
6 oranges for 1.80
sp 6 divided by 1.80 comes out to 0.3 per orange
0.3 times 16 comes out to 4.80
therefor $4.80
2. You simplified parenthesis on both sides
3. Subtracted 14 from -25 on right side
6. Divided each side by 9
All you have to do is divide 300 hundred by 3 and you get 100 students that don’t take a language So 200 students take language and 100 students don’t take language
3(x-2)+5x=18
the correct answer is x=3
first simply the equation
8x=18+6
Now rid of alike terms resulting in
8x=24
now divide 24 by 8
x=3
