Answer:
P = $2448.89
P ~= $2,449
He need to deposit $2,449
Step-by-step explanation:
Given:
Interest rate r= 7% = 0.07
Number of years n = 3 years
Future value that should be meet A = $3000
We need to calculate the initial investment (Principal P). Using the compound interest formula:
A = P(1+r)^n
P = A/(1+r)^n
Substituting the values of A, r, n, we have;
P = 3000/(1+0.07)^3
P = $2448.89
P ~= $2,449
Answer:
<h3>
m∠2 = 67°</h3>
Step-by-step explanation:
m║n ⇒ (9x + 2)° = 74° {Corresponding Angles}
(9x)° = 72°
x = 8
Angles: angle corresponding to angle (5x-1)°, angle 74° and angle 2 add to 180° (straight angle)
(5×8 - 1)° + 74° + m∠2 = 180°
39° + 74° + m∠2 = 180°
113° + m∠2 = 180°
m∠2 = 180° - 113°
m∠2 = 67°
Luke’s brother will now make $15.90 per hour.
