Help me pls im begging yall
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
Find out more on Compound interest at: brainly.com/question/24924853
<h3><u>Answer:</u></h3>
- 400 is the number.
<em>There can be many ways to find the number.</em><em> I have found the number with the help of fractions and multiplication. </em><em>Below is the solution to your problem.</em>
- 80 = 20/100
- => 5 x 80 = 20 x 5/100
- => 400
<em>Hence, 80 is 20% of 400. </em><em>I hope my method helped you.</em>