Answer:
.6%
Step-by-step explanation:
You get this by dividing 3000 from 18. 18/3000=.006 then to make it a decimal you move the point 2 spaces to the right.
Answer:
0.72
Step-by-step explanation:
Answer:$26.00
Step-by-step explanation:40 x .35 = 14
40-14=26
Answer:
$962.82 will be in John's account after 8 years if compounded semiannually.
Step-by-step explanation:
The formula used to find the amount after 8 years is:
A = P(1+ r/n)^nt
Where A = future value
P= principal value
r = interest rate ( in decimals)
n = no of times interest is compounded
t = time
Putting the values:
P = $600
r = 6% = 0.06
n = 2
t = 8
A= 600 *(1+0.06/2) ^2(8)
A= 600 *(1.03) ^16
A =600*1.605
A = 962.82
So, $962.82 will be in John's account after 8 years if compounded semiannually.
Answer:
Your answer to this would be 114.44
It was 114.435, but I round it.
