Answer:
14800
Step-by-step explanation:
The formula for simple interest (I) in terms of principal (P), rate (R) and time (T) is given as follows;
I = P x R x T / 100 ------------- (i)
Given:
Principal (P) = Initial amount being put into the account = 10000
Rate (R) = The interest rate being offered by the account manager = 4%
Time (T) = Time taken = 12 years
Substitute these values into equation (i) as follows:
I = 10000 x 4 x 12 / 100
I = 4800
Therefore, the initial amount will yield an interest of 4800 for those 12 years.
The total amount the employee will thus have in 12 years will be the sum of the initial amount and the interest. i.e
Amount = P + I
Amount = 10000 + 4800
Amount = 14800
Answer:
7
Step-by-step explanation:
If a system decreases by 12% it's the same as multiplying it by .12-1 or .88
This means we can create the following equation
computer value=5300(.88)^n
where n is the number of years
We can then plug in the value of the computer and solve for n
2200=5300(.88)^n
Divide by 5300 and get
.415=.88^n
Then put this into log form and get

Evaluate this into your calculator and get n=6.69 which I would probably just round to 7
Answer:
96 in 3
Step-by-step explanation: