Answer:
40,000
Step-by-step explanation:120,000 divided by 30% is 40,00 because 120,000 divide by 30 is 40,000
Answer:
A,B,C,E,F
Step-by-step explanation:
The only one that it is not is irrational. I think this is correct and I hope it helps
Answer:
15.7
Step-by-step explanation:
10.7 + 5 = 15.7
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Answer:
The expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Step-by-step explanation:
The formula to compute the future value is:
PV = Present value
r = interest rate
n = number of periods.
It is provided that $5,000 were deposited now and $3,000 deposited after 6 years at 10% compound interest. The amount of time the money is invested for is 14 years.
The expression to compute the amount in the investment account after 14 years is,
The future value is:
Thus, the expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Answer:
2,995 or 35,940(?)
Step-by-step explanation:
I don't exactly remember how to do this so, I'll show you two different ways I solved this
Use the formula I=P*r*t
I=Interest
P=Principal
r=rate
t=time
To solve this you'll have to...
The principal is 29,950, the rate is 5% but it'll become a decimal which is 0.05, and the time is 2
Put it into the formula form 29,950*0.05*2= 2,995 in interest
Or...
You'll use the same formula, but this time multiply 0.05 by 12 since there are 12 months in one year which is 0.6, so...
29,950*0.6*2=35,940 in interest
I hope one works!