To solve this we are going to use the formula for compounded interest:
where
is the final amount after
years
is the initial amount
is the interest rate in decimal form
is the number of times the interest is compounded per year
is the time in years
We know for our problem that
,
, and
. Since the interest is compounded daily, it is compounded 365 times in year; therefore,
. Lets replace those values in our formula to find
:
We can conclude the amount in Diane's after 3 years will be <span>
$1,603.31</span>
Answer:
I am guessing about 150 - 200 students did not buy a yearbook.
Step-by-step explanation:
First let's assume that there are 1,000 or so students in the school. 856 would be a little over 4/5 of 1,000 just as 8 would be 4/5 of 10.
Whatever% of anything, is just (whatever/100) * anything.
the syrup is going to be 5lbs total, that includes the sugar in it as well as the water mix.
keeping in mind that the syrup will be a 1.5% syrup, namely 1.5% of it will be sugar, the rest just water then, how much is 1.5% of 5?
well, is just(1.5/100) * 5 or 0.075, namely lbs.
so, 0.075 lbs will be sugar and the rest water, the rest will be 5 - 0.075, or 4.925 lbs.
12/35 is simplified, as you cannot divide it into smaller numbers by a common factor.
I hope this helps!