Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
If you want to round 49.39 to the nearest tenths place you will have to look at your tenths digit.
The digit is 3, right?
Look at the next number after 3. It is the number 9 for the hundredths place. If the number is bigger than 5 you round it. If it is smaller, you keep it the same. 9 is bigger than 5 so you make the 3 into a 4.
Then, you're answer is 49.4 or 49.40 (Which are basically the same answer)
It also works the same with the other digits. Simple, right? :)
Answer:
30 % off
Step-by-step explanation:
12 dollars off of 40
40 (x) = 12
x = 12/40 = .3 or 30 %
Answer:
84
Step-by-step explanation:
A=bh/2.
A=(21*8)/2
A=168/2
A=84
Answer:
10/6 cups of sugar is the answer to this equation being the correct answer.
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