The answer to the problem is 127
Answer:
If the time passed is only 3 months, then it is $2040
Step-by-step explanation:
We can use the quarterly compounded interest equation for this problem: P(1 + r/n)^nt
Step 1: Find out how much 3 months is in a year
<em>In this case, 3/12 which is 1/4</em>
Step 2: Plug in known variables into equation
2000[1 + (0.08)/4)]^[(4)(1/4)]
Step 3: Solve/Plug in calc
You will get $2040
If the time passed in the problem is 1 year, then we can be able to solve how much money he earned per quarter. However, since only 3 months have elapsed, then he has only earned $2040.
It will come out to a flat number like 10 20 30 40 ect and the counterfeit will have a 1 at the end such as 11 21 31 41.
Hope i Helped
Answer:
1000
Step-by-step explanation:
4 times 25 =100 add anther 0 and it will be 1000
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