First we have to determine 30% of 12.
(30×12)÷100=3.6 so 3.6 is 30% of 12.
12 - 3.6= 8.4
Your answer is 8.4
Answer:
ans= 45.6
Step-by-step explanation:
I think the ans is 45.6
I hope it will help u...
Answer:
<u>Equation</u>: 
<u>The balance after 5 years is: $1742.43</u>
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Step-by-step explanation:
This is a compound growth problem . THe formula is:

Where
F is future amount
P is present amount
r is rate of interest, annually
n is the number of compounding per year
t is the time in years
Given:
P = 1500
r = 0.03
n = 12 (compounded monthly means 12 times a year)
The compound interest formula modelled by the variables is:

Now, we want balance after 5 years, so t = 5, substituting, we get:

<u>The balance after 5 years is: $1742.43</u>