The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer: 15 - 2w 1.5, w 6.75
Step-by-step explanation: tHiS aNsWeR sEeMeD tHe MoSt PrAcTiCaL.
i HoPe ThIs HeLpEd!
Answer:
A line passes through the points (-4,1) and (-3,3). This line can be modeled by the equation y
Positive 25 that's the answer
Answer:
x=3
Step-by-step explanation:
f(x) = 2^x
Let f(x) =8
8 = 2^x
Rewriting 8 as 2^3
2^3 = 2^x
The bases are the same so the exponents are the same
3=x
