Answer:
$3530.3541
Step-by-step explanation:
Given that:
Principal = 2200
Interest rate compounded annually (r) = 3%
Time (t) = 16 years
Using the compound interest formula :
A = P(1 + r/n)^n*t
A = final amount
n = number of times interest is applied per period
A = 2200(1 + 0.03)^16
A = 2200(1.03)^16
A = 2200 * 1.60470643909878751793
A = $3530.3541
Hence, amount in account on his 16th birthday will be $3530. 3541
Answer:
C. (x + 4)(x + 5).
Step-by-step explanation:
We need 2 numbers whose product is + 20 and whose sum is + 9.
They are + 5 and + 4 , so
x2 + 9x +20
= (x + 4)(x + 5).
Answer:
35.36 i think
Step-by-step explanation:
40%x68=27.2
20%x27.2=5.44
27.2+5.44=32.64
68-32.64=35.36
$35.36
Initial cost = $30,000
Depreciation rate = 2.5%
Depreciation expense per year = 30,000*2.5/100 = $750
In six years,
Depreciation = 6*750 = $4,500
Value of the tractor = Initial cost - Depreciation = $30,000 - $4,500 = $25,500
