12 is 20% of 60 because 12/60 = 0.2.
Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
Answer:
the new point would be (1, 10).
Step-by-step explanation:
if you start with the point (6, 7) and go left 5 units and up 3 units, then the new point you land on is (1, 10) as you can see in the picture below. hope this helped!
Answer:
2/3x+5=y
Step-by-step explanation:
We already know that this has to be linear and that its y-intercept is 5 ((0,5) is a point on the table). That means that the equation is
mx+5=y.
Now all we need to do is plug in some points.
3m+5=7
(Subtract 5 from both sides)
3m=2
m=2/3
CD = certificate of deposit (an investment)
Interest rate, i = 10% per annum (simple interest)
Principal, P = $2000 (present value)
Period, T = 3 months = 0.25 year
Simple interest formula
Interest earned = Pit
=2000*0.10*0.25
=$50
Balance at maturity (amount that investor gets after three months)
=$2000+$50
=$2050
