Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
She started with 200 stamps
Step-by-step explanation:
Yes scale factor means ratio. The height of the smaller pyramid to the larger pyramid in ratio form is 8:24 which simplifies to 1:3. The ratio of its areas is the scale factor squared, so 1^2:3^2=1:9. Since the surface area of the smaller pyramid is 124, the surface area of the larger pyramid must be 124x9. The ratio of volumes is the scale factor cubed, so 1^3:3^3=1:27. If the volume of the larger pyramid is 648, then the volume of the smaller pyramid is 1/27 of that, which equals 24.
