Answer:
<em>56</em>
Step-by-step explanation:
Answer:
After 12 years the investment will be worth $5145.
Step-by-step explanation:
The formula used for compounded interest is:
A = P(1+r/n)^nt
where,
A = future value
P = Principal Amount
r = interest rate
n = no of times interest is compounded
t = time
In the question given:
A=?
P = $2100
r = 7.75% or 0.0775
n = 1
t= 12
A= 2100*(1+0.0775/1)^1*12
A= 2100 *(1+0.0775)^12
A= 2100 *(1.0775)^12
A= 2100 * 2.45
A= 5145
So, after 12 years the investment will be worth $5145.
Answer:
2+5a+5a and 9a+a+2
Step-by-step explanation:
It is the answer as
6a-4a+2= 2a+2
2+5a+5a= 10a+2
& 9a+a+2= 10a+2
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Answer:
- 2730.54
- 18.8%
- 62.5% (decrease)
Step-by-step explanation:
The applicable formula is ...
rate = portion/base
so ...
base = portion/rate
Of course, a percentage is a fraction that has been multiplied by 100%.
__
1. base = portion/rate = 456/0.167 ≈ 2730.54
The base is about 2730.54.
__
2. rate = portion/base = 50/266 ≈ 0.18797 ≈ 18.8%
The rate is about 18.8%.
__
3. The decrease can be figured from ...
rate of change = (new amount)/(original) -1 = 33/88 -1
= -5/8 = -0.625 = -62.5%
The rate of decrease is 62.5%.