Answer:
c) 392
Step-by-step explanation:
Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:15$
Step-by-step explanation:
cuz its profit
Answer:
0.07
Step-by-step explanation:
The hundredths place is the place between the tenths and thousandths place. For example, the digit in the tenths place in 0.073 is 7.
To round to the nearest hundredth, we look to the digit right of the hundredth digit, 7. We notice that the digit in the thousandths place is 3. When rounding, if a number is 4 or less, we change that digit to a 0, along with the digits beyond it. If a number is 5 or more, we bump up the digit to the next number. Since 3 is less than 4, we change 0.073 to 0.07.
Have a lovely rest of your day/night, and good luck with your assignments! ♡
Answer:
The last one.
Step-by-step explanation: Because 1/2 divided by 4 = 1/8 and 1/2 x 4/1 = 2
