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:
- d - cost
- a - number of attendees
<u>If budget is $99, then the equation is:</u>
- 99 = a + 96
- a = 99 - 96
- a = 3
Maximum number of attendees is 3
<span>4.045 x10^-3 in standard notation = 4,045</span>
Answer:
Quadrant 1
Step-by-step explanation:
how I understood this is first understanding how a graph works. Once you understand that you can count 13 horizontal on the "X" Axis, then go 18 up on the "Y" axis. you should get a point in the upper left area and that area is called Quadrant 1. Say if 13 was negative instead of going horizontal east you would go horizontal west. And the point should end up in Quadrant 2. Any more questions feel free to ask me below.
Her credits need to be AT LEAST EQUAL TO OR GREATER THAN 144 (credit hours) so we can eliminate choices B and D.
She already completed 4 semesters in which she receives 15 credit per semester.
This expression can be written as 4(15).
She needs to do a certain remaining hours of credit which can be represented by c and only c without any other coefficient.
So, the most reasonable choice here is A.
