The answer is 26 cents, Because to the process that is in the image.
U're goal is to get k alone.
So divide both sides by 9/10.
3/2 divided by 9/10 is 5/3
Answer:
the future value is $5800.38
Step-by-step explanation:
Given that
The invested amount i.e present value is $500
The rate is 5 % per year so quarterly rate is 5% ÷ 4 = 1.25%
The time period is 3 per year so for quartely it is 3 × 4 = 12
We need to find out the future value
So as we know that
Future value = Present value × (1 + rate of interest)^time
= $500 × (1 + 0.0125)^12
= $580.38
hence, the future value is $5800.38
Answer:
20
Step-by-step explanation:
