Given:
Future Value = $15,000
time (t) = 11 years
rate (r) = 4.4% or 0.044
number of conversions per year (m) = 365
Find: Initial amount or the Principal
Solution:
Formula for Compound Interest is:
From that, we can derive the formula for the Principal or the initial amount.
Let's plug in the given data above to the formula of the principal value.
Then, solve for P.
Answer: You must invest $9, 244.97 to the account in order to get $15,000 after 11 years.
Answer:
The statement is not reasonable.
Step-by-step explanation:
Josefina gave away 130% of her stamp collection.
We cannot give more than what we have.
lets understand it mathematically.
suppose i have x stamp.
according to question, i have to give 130% of my stamp collection
130% of x = 130/100 x = 1.3x
so, i have to given 1.3x stamp while i do have only x stamp which does not make any sense.
maximum i can give is x stamp.
x stamp in percentage of my total stamp collection which is also x will be
= x/x*100 = 100%
Thus, maximum one can give is 100% of what he has.
Thus, we can say that Josefina gave away 130% of her stamp collection is not reasonable.
Well I think the scale is number 7 because
The value p would be c- 55 degrees
Answer:
twenty-six thousandths in decimal form is "0.0026"
Hope this helped
Step-by-step explanation:
