Answer:
285,000
Step-by-step explanation:
First, you need to figure out how much was profit. Multiply 300k by .05, which should give you 15,000. Then, subtract 15,000 from 300k to get 285k. hope this helps
Answer:
This is it sorry about the last one
Step-by-step explanation:
ithink I posted the wrong one
Answer:
What are the answer options... I have an answer but I want to check if it is correct... thanks
Step-by-step explanation:
The first to are addition property of equality the third one is division property of equality
Answer:
$ 20,189.65
Step-by-step explanation:
Jake's parents want $100,000 at the end of 40 years. They put their money in an account that yields 4% per year compounded continuously. How much money should jakes parents deposit?
From the above question, we are to find the Principal. The formula for Principal compounded continuously =
P = A / e^rt
Where:
A = Amount after time t = $100,000
r = Interest rate = 4%
t = Time in years = 40 years
First, convert R percent to r a decimal
r = R/100
r = 4%/100
r = 0.04 per year,
Then, solve our equation for P
P = A / e^rt
P = 100,000.00 / e ^(0.04×40)
P = $ 20,189.65
Therefore, the amount Jake's parents should invest = $ 20,189.65
