A forest covers 43,000 acres. A survey finds that 0.7% of the forest is old-growth trees. How many acres of old-growth trees
1 answer:
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Answer: $107,836.69 or about $107,837 (to the nearest dollar)
Step-by-step explanation:
Formula to the accumulated amount received after investing principal amount (P) at rate of interest (r) compounded monthly for t months :
As per given , A = $130,000
r= 7.5% = 0.075
t= 30 months
Now,
Hence he need to invest $107,836.69 .
Answer:
$638.14
Step-by-step explanation:
Our equation is , with p being the starting amount, x being the interest rate, and t being the time. Plugging our variables in, we get
= around 638.14