erikabermudez55
31.03.2020 •
Mathematics
A mix for 5 servings of instant potatoes requires 1 1/4 cups of water. The amount of water needed to make 11 servings is?
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Ответ:
B) $7,221.39
Step-by-step explanation:
Given data
Principal=$2,936
Rate=5%
n=12
Time = 18 years
The expression for compound interest is
A=P(1+r/n)^nt
substitute
A= 2936(1+0.05/12)^12*18
A= 2936(1+0.00416)^12*18
A= 2936(1.00416)^12*18
A= 2936(1.00416)^216
A= 2936*2.45149
A=7197.57464
Hence the approximate amount is B) $7,221.39