Answer: this is the awnser
Step-by-step explanation:
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2 answers:
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Answer:
2468.11 dollars
Step-by-step explanation:
Amount that should be available after four years =3000 $
Interest rate = 5%
No of years =4
Let P be the principal invested
Then
Hence 2468.11 dollars should be deposited to get 3000 dollars after 4 years at 5% interest.
5 1/6 * (-2/5) = __
turn 5 1/6 into a mixed fraction
31/6 * (-2/5) = __
multiply
31 * -2 = -62
6 * 5 = 30
so -62/30 or -2 1/15
Hopefully the attachment helps too!
turn 5 1/6 into a mixed fraction
31/6 * (-2/5) = __
multiply
31 * -2 = -62
6 * 5 = 30
so -62/30 or -2 1/15
Hopefully the attachment helps too!