This is your answer and for the multiplication I gave it to you step by step
0.54 = fiftyfour hundredths = 54/100 <span />
Answer: the future value is $1748.4
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1550
r = 4% = 4/100 = 0.04
n = 365 because it was compounded 365 times in a year.
t = 3 years
Therefore,.
A = 1550(1 + 0.04/365)^365 × 3
A = 1550(1+0.00011)^1095
A = 1550(1.00011)^1095
A = 1550 × 1.128
A = 1748.4
Answer:
c on edge YW
Step-by-step explanation:
Answer:
Step-by-step explanation:
a. Find the unit rate, or how many miles they traveled in one hour, by dividing:
b. Now that we know how fast they were going, we can use it in either a proportion or in the d = rt equation. For the proportion set up, put miles on the top and hours on the bottom and solve for the unknown:
and cross multiply to solve for x:
56x = 728 so
13 hours.
Now use the d = rt equation:
728 = 56t so
t = 13 hours
