Answer:
Step-by-step explanation:
Using the formula for the growth of investment:
.....[1]
where,
A is the amount after t year
P is the Principal
r is the growth rate in decimal
As per the statement:
Scott invests $1000 at a bank that offers 6% compounded annually.
⇒P = $1000 and r = 6% = 0.06
substitute these in [1] we get;
⇒
Therefore, an equation to model the growth of the investment is,
I believe it's 3.75 x 10^5 (Sorry if I'm wrong)
Answer:
24 to 34? = 41.67%.
Step-by-step explanation:
Answer:
Approximately 54.54% of race happened in the first week.
Step-by-step explanation:
We are given the following in the question:
Length of bike race in three weeks = 2,200 miles
Race covered in first week = 1,200 miles
Percentage of race covered in first week =
Thus, approximately 54.54% of race happened in the first week.