Answer: <u>24 years</u>
Step-by-step explanation:
% • total = Answer
4.25% • $40,000 = Answer
.0425 • $40,000 = Answer
Answer = $1,700 per year
40,000 ÷ 1,700 = 23.5
<u>23.5 rounded to the nearest year is 24</u>
Put a small dot on positive 4 and go down to -3 and out a big dot there and that’s your first coordinate
Given that the amount invested was compounded annually, the total value of the investment after 5 years will be:
FV=P(1+r/100)^n
where:
FV=future value
p=principle
r=rate
n=time
hence
FV=5000(1+3.2/100)^5
FV=$5,852.865
Answer:
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Answer:
200
Step-by-step explanation:
The reason why this answer is 200 is because it gave us a clue that 30 students said that pie was their favorite desert, what is half of 30? 15 so therefore, the pattern is half of each.
Ice cream: 35x2=70
Cake: 27x2=54
Candy: 23x2=46
Pie: 15x2=30
So, 70+54+46+30=200
