The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer:
Step-by-step explanation:
On Monday Ravi drives for 4 hours.
His average speed is 30 mph.
How far does Ravi drive on Monday?
If John has $0.75 and he needs $2.50, then you will subtract $0.75 from $2.50 to find out how much he needs which is $1.75. Hope I helped! Don't forget to help me with the Brainliest Answer! :D
1st term = -10
2nd term = -6
3rd term = -2
4th term = 2
5th term = 6
6th term = 10
7th term = 14
The reason how I got 14 for the 7th term is because, i added 4 to each term.
Hope this helps!
