After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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After 6x+48=72, you have to subtract 48 on both sides not add. Your final answer will be x=4. 72-48=24.. 24/6= 4.
Answer:
Answer - -5
Step-by-step explanation:
Keeping in mind that 29/6 is greater than 4, is actually 4 and 5/6, so the amount we'll "add" will be a negative one.
Answer: option a
Step-by-step explanation:
You must apply the formula for calculate the distance between the two points. which is shown below:
Therefore, keeping on mind that the points given in the problem are (6, 11), (0, 3), when you substitute values into the formula shown above, you obtain that the distance between these two points is the following:
