After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:

where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:

So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
5. You can round question a up to 100 + 55 (then do the counting)
5. You can round question b up to 245 - 100 (then do the counting)
You can round question c up to 100 x 5 (then do the counting)
You can round question d up to 100 x 20 (then subtract accordingly)
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Answer:
The numbers are 12 and 3.
Step-by-step explanation:
We can solve this problem by working with the information we have and setting up some equations.
We know that one number is four times as large as another. So, let the smaller number be represented by the variable x and the bigger number be represented by 4x, since it is four times as large.
Now, we know that if the numbers are added together, then the result is six less than seven times the smaller number. This can also be represented by the equation 4x + x = 7x - 6.
Let's solve that equation like so:

So, the smaller number must be 3 (remember that x represented the smaller number). To find the bigger number, all we need to do is multiply 3 by 4, which gives us 12. Therefore, the numbers are 12 and 3.
Answer:
17.7
Step-by-step explanation:
<em>First off, we do not need to do anything to the 17, it is already set up for a decimal. So we have to find out how much 1/50 is so we divide:</em>
<u>Divide:</u>
1/50=0.02
<u>Multiply by 35:</u>
0.02 times 35= 0.7
<u>Add the 17:</u>
17+0.7=<em><u>17.7</u></em>
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leave a comment if i am wrong