Answer:
-60
Step-by-step explanation:
3(-4)(5)= -60
Given:
Initial investment 450
annual simple interest rate of 5%
Simple interest = Principal * interest rate * term
Simple interest = 450 x 0.05 x 14
Simple Interest = 315
Balance after 14 years: 450 + 315 = $765
We can use compounding interest, compounded once a year.
Total balance = Principal * (1 + interest rate / number of compounding)^(# compounding * term)
Total balance = 450 * (1.05)¹⁴
Total balance = 450 * 1.98
Total balance = 891
Based on these scenarios, the formula that will be used is the second formula, compounding interest formula. The balance at the beginning of year 15 is $891.
I used 14 as the number of years because the problem states at the beginning of year 15. This means 15 has not yet begun and interest is not yet earned.
7/8 of a yard is 3*7/8 or 21/8 feet.
Divide the number of feet of fabric by the number of scarves she can make
156/(21/8)= 59.42 scarves.
But she cant make half a scarf, so she can only make 59 scarves,
Hope this helps.
Answer:
The total amount you will have in your account=5,959.38
Step-by-step explanation:
The total amount one will have in there account when the interest is compounded annually can be expressed as;
A=P(1+r/n)^nt
where;
A=future value of investment after time t
P=Principal amount based on initial deposit
r=Annual interest rate
n=number of times the interest is compounded annually
t=number of years the investment is deposited
In our case;
P=4,000
r=8%=8/100=0.08
n=12
t=5
Replacing;
A=4,000(1+0.08/12)^(12×5)
A=4,000(1.007)^60
A=5,959.38
The total amount you will have in your account=5,959.38
Step-by-step explanation:
answer is 28 sq units ... height comes out to be 4 and base be 14 ..then area of triangle = 1/2 x base x height = 1/2 x 4 x 14 so area is 28 sq units
