Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28
A= $1789.54
Therefore the value of her investment in 7 years is $1789.54
Answer:
Step by step explanation:
1.PY=LA
2.NO=OS.
There might be a variety of averages for the 12 boys.
You are trying to solve what percent of the difference between $26.60 and $18 is of $24.60, so:
$24.60 - $18 = $6.60
24.60x = $6.60
x = 6.60/24.60
x = 0.2683
So the percent increase is 26.83%
