What is the least common multiple of 23 and 92?
2 answers:
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Answer:
The principal must be = $8991.88
Step-by-step explanation:
Formula for compound interest is:
Where A is the amount after 't' years.
P is the principal amount
n is the number of times interest is compounded each year.
r is the rate of interest.
Here, we are given that:
Amount, A = $15000
Rate of interest = 13 % compounded quarterly i.e. 4 times every year
Number of times, interest is compounded each year, n = 4
Time, t = 4 years.
To find, Principal P = ?
Putting all the given values in the formula to find P.
So, <em>the principal must be = $8991.88</em>
Answer:
n = 2
Step-by-step explanation:
Given
(n - 4) - 3 = 3 - (2n + 3)
Multiply through by 2 to clear the fraction
n - 4 - 6 = 6 - 2(2n + 3) ← distribute
n - 10 = 6 - 4n - 6 ( add 4n to both sides )
5n - 10 = 0 ( add 10 to both sides )
5n = 10 ( divide both sides by 5 )
n = 2