Answer:
$104,710.29
Step-by-step explanation:
The amount is given by ...
A = Pe^(rt)
where P is the principal invested at annual rate r for t years. Filling in the numbers, we get ...
A = 30000e^(.05·25) = 30000e^1.25 ≈ 104,710.29
The balance will be about $104,710.29 on the child's 25th birthday.
Answer:
D
Step-by-step explanation:
Add the prices together
Then divide by 3.
*6.25 + 3.25 = 9.50/3 = 2 of them pay 3.16 while the other pays 3.17.
(1,800−(1,800×0.30))
=1,260
1,260×0.09
=113.4
113.4+1,260
=1,373.4 .....answer
