Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is compounded monthly, what in
terest rate, to the nearest tenth of a percent, would be required in order for Paisley to end up with $74,000?
1 answer:
Answer:
r=7
Step-by-step explanation:
74000=28000(1+r/12)^12(14)
divide 74000 by 28000, and cancel out 28000.
1.00580=1+r/12
(100) .06962=r
r = 6.96198
the 6 after the 9 rounds 9 to 0, which rounds the 6 to 7
r=7
You might be interested in
5x7=35
5x7=5x(5+2)
5x7=(5x3)+(5x4)
5x7=20+15
5x7=35
This is how I would do it :)
Answer:
where is the figure?
Step-by-step explanation:
I can't see a figure
The door frame is a rectangle. The diagonals of a rectangle are congruent. She can measure the two diagonals and make sure they are congruent.
1, 5, 4, 2, 3 in that order
Haha, at first I thought it was 3 subtract 7
