dennittap
20.11.2019 •
Mathematics
Acompany will need $75000 in 7 years for a new addition. to meet this goal, the company deposits money in an account and hat pays 5% interest compounded annually. find the amount to the nearest hundred dollars that should be invested to total $75000 in 7 years.
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Ответ:
The principal needed for new addition is $ 53301.12
Step-by-step explanation:
Given as :
The amount needed for new addition = $75000
The Time period = 7 years
The rate of interest compounded annually = 5 %
Let The Amount invested = P
From compounded Method
Amount = Principal ×
Or, $ 75000 = P ×
Or, $ 75000 = P ×
Or, $ 75000 = P × 1.4071
So, P = = $ 53301.115
Hence The principal needed for new addition is $ 53301.12 Answer
Ответ:
I cant see the image but the eqaution would be
y=2x-2