Answer:
The amount after 4 years = $ 16198.87
Step-by-step explanation:
Points to remember
Compound interest
A = P[1 + R/n]^nt
Were A - Amount
P - Principle
R - Rate of interest
t - Number of years
n - Number of times compounded
<u>To find the amount</u>
Here P = $11,800, R = 8% = 0.08, t = 4 years and n = 4 times
A = P[1 + R/n]^nt
= 11800[1 + 0.08/4]^(4 * 4)
= 16198.87
Therefore amount after 4 years = $ 16198.87
Answer: 16.13
Step-by-step explanation: 40 divided by $2.48
Answer:
m = 1
Step-by-step explanation:
11m + 13 = m + 23
<u>Get m by itself by subtracting m from both sides. </u>
10m + 13 = 23
<u>Subtract 13 from both sides.</u>
10m = 10
<u>DIvide by 10.</u>
m = 1
The slope is the rise over run. Basically, any line has a constant increase. If you are looking at a line on a graph and each point it meets at is 1 up and 1 over, the slope is 1. Say the line goes up two and over one for each time it meets an actual point, the slope would be 2. If it is 1 up and 2 over, it would be 1/2.
Answer:
Step-by-step explanation:
The formula for the future value (FV) of an investment earning compound interest is
where
PV = the present value (PV) of the money invested
r = the annual interest rate expressed as a decimal fraction
t = the time in years
n = the number of compounding periods per year
Data:
FV = $7100
r = 8 % = 0.08
t = 7 yr
n = 2
Calculation:
