Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
If 12 is 20%, then 24 is 40%, then 36 is 60%, then 48 is 80%, then 60 is 100%
So there are 60 questions on the test.
i think the answer is contionous
The share of Natasha is £ 42
<em><u>Solution:</u></em>
£70 is divided between Natasha, Richard & Stephen
Total amount = 70
Let the share of natasha be "x"
Let the share of richard be "y"
Let the share of stephen be "z"
Natasha gets twice as much as Richard
x = 2y ------ eqn 1
Richard gets three times as much as Stephen
y = 3z
----- eqn 2
Total amount = 70
share of natasha + share of richard + share of stephen = 70
x + y + z = 70
Substitute eqn 1 and eqn 2
Substitute y = 21 in eqn 1
x = 2y = 2(21) = 42
x = 42
Thus natasha gets £ 42
Answer:
89
Step-by-step explanation:
7^2=49
49+4=53
6^2=36
53+36=89