Answer:
60
Step-by-step explanation:
5+5+5+5+5+5+5+5+5+5+5+5
To find the total amount, you will use the formula for finding compounded interest. This means you will be paid interest on top of the interest you have earned each year.
A = P(1 + r)^nt
P stands for the principal.
r is the interest rate when compounded annually
nt is the number of years
A = 17.50(1 + 0.04)^25
A = $46.65
This person would have $46.65 after 25 years.
Answer:
1/2
Step-by-step explanation:
We first find the least common multiple, which is 6. Therefore, we can multiply 1/3 x 2/2 (since 2/2 is equal to one and won't change the final amount) and get 2/6. 2/6+1/6=3/6, or 1/2.