Answer:
$ 254.85
Step-by-step explanation:
Total amount invested = $ 560
Interest rate = r = 4.8% = 0.048
Time in years = t = 8 years
The formula for compound interest is:

Here,
A is the total amount accumulated after t years. P is the amount invested initially and n is the compounding periods per year. Since in this case compounding is done annually, n will be 1. Using the values in the above formula, we get:

Thus, the total amount accumulated after 8 years will be $ 814.85
The amount of interest earned will be:
Interest = Amount Accumulated - Principal Amount
Interest = $ 814.85 - $ 560 = $ 254.85
By the end of 8 years, $ 254.85 would be earned in interest.
Answer:
1.d
2.c
3.b
4.a
Step-by-step explanation:
Answer:
nickels- 5, quarters- 11
Step-by-step explanation:
nickel= 5 p, quarter= 25 p
5x+25(x+6)= 300
30x+150=300
30x=150
x=150/30
x=5 nickels
x+6= 11 quarters
3
Though there are seven people, it would only be 3 full committees. They would either find an eighth person or have a group of 3 with one of the committees.
Hope this helps!