Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
10.4% or 13/125
Step-by-step explanation:
5 perfect squares in the set of numbers
13 odd numbers
(5/25) x (13/25) = 0.104
0.104 x 100 = 10.4%
i hope its right
Answer:
x=-2
Step-by-step explanation:
Step-by-step explanation:
8x-5= 6x + 1
8x - 6x = 1+5
2x = 6
x= 2/6 = 1/3
x= 0.333
