Answer:
$7,925.53
Step-by-step explanation:
We'll have to use the compound interest formula: A = P(1 + r/n)ⁿˣ
A = final amount (?)
P = starting amount (5700)
r = rate
n = times applied (12 since its monthly and there 12 months in a year)
x = years (12)
A = 5700(1 + 0.0275/12)¹⁴⁴
A = 7925.525498629932
Tre's walking speed is 1mi/hr.
Data given;
- distance = 1 mile
- time = 1 hour
<h3>Speed or Velocity</h3>
This is the rate at which an object covers a distance within a particular time frame.
substituting the values into the equation
Tre's walking speed is 1mi/hr
Learn more on speed, rate here;
brainly.com/question/11408596
brainly.com/question/2296493
Answer:
$12,415.48
Step-by-step explanation:
A = P (1 + r/n)^(nt)
where A is the final amount,
P is the initial amount,
r is the annual interest rate as a decimal,
n is the number of compoundings per year,
and t is the number of years.
A = 8000 (1 + 0.152/2)^(2×3)
A = 8000 (1.076)^6
A = 12415.48
3 is the answer they are after 40
