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2 answers:
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Answer:
Hence By End of the year with monthly compounded interest it will have 5522.56 $
Step-by-step explanation:
Given:
Initial investment =5.280 $
Rate of interest =4.2%
To Find:
Amount after the 1 year
Solution:
As the investment follows the rule for compound interest as ,
A=P(1+R)^t
Here A=amount after t years
R= rate of interest , P= principal amount t is time period
So given is monthly compounded interest
so t will divided into 12 parts as there 12 months in one year.
P=5280 $ , R=4.2/12 % , t=12
^12
A=5522.56 $
Option c : 9 is the answer.
Explanation:
The expression is
We need to determine the subtracted value of the expression.
From the expression we can see that the expression contains two negative signs.
To simplify the expression, we know that, When we multiply two negative numbers then the product is always positive.
This means
Thus, the expression can be written as
Adding the two numbers, we get,
Thus, the value of the expression is 9.
Hence, Option c is the correct answer.