$281 = 5%
The total amount would be $5,620
The answer is >>> 4 989 600
7/8 = x/48
Cross multiply, which is: a/b = c/d ⇒ ad = bc
After cross multiplying, we get:
8x = 7(48)
8x = 336
Divide 8 on both sides
x = 42
Your final answer is B. 42<span>.</span>
Answer:
The principal must be = $8991.88
Step-by-step explanation:
Formula for compound interest is:

Where A is the amount after 't' years.
P is the principal amount
n is the number of times interest is compounded each year.
r is the rate of interest.
Here, we are given that:
Amount, A = $15000
Rate of interest = 13 % compounded quarterly i.e. 4 times every year
Number of times, interest is compounded each year, n = 4
Time, t = 4 years.
To find, Principal P = ?
Putting all the given values in the formula to find P.

So, <em>the principal must be = $8991.88</em>