Answer: A) $120,953
Step-by-step explanation:
The formula to calculate the compound amount (semi-annually):-
, where P is principal amount , r is rate of interest and n is the number of time periods.
Given : Principal amount : P= $90,000
Rate of interest : 6% per annum = 0.06 per annum
Time period : n= 5 years

Hence, the ABC will have $ 120,953 in the account after five years if interest is reinvested.
Answer: 2061
Step-by-step explanation:
Answer:
3
Step-by-step explanation:
Answer:
multiply 120 by 0.6 to find the result with 40% taken away
Step-by-step explanation:
Ax + 3 = 7 - bx .....add bx to both sides
ax + bx + 3 = 7 ...subtract 3 from each side
ax + bx = 7 - 3
ax + bx = 4 ....factor out x
x(a + b) = 4 ...divide both sides by (a + b)
x = 4 / (a + b) <==