Brendangrigley6571
22.09.2019 •
Mathematics
Use the formula b = p(1.08)n to find the balance b (in dollars and cents) for a principal p invested at a compound interest rate of 8% for n years. $50 invested for 5 years a. $83.67 c. $67.34 b. $101.24 d. $73.47
Solved
Show answers
More tips
Answers on questions: Mathematics
- M Mathematics Where is the point (2,-6) located in the coordinate plane? A. In quadrant 1 B. On the y-axis C. In quadrant III D. In quadrant IV...
- A Arts Can anyone draw a person performing a service for another and the other person paying for it....
- C Computers and Technology Expressions coded in the HAVING clause a. can use either aggregate search conditions or non-aggregate search conditions b. can use aggregate search conditions but can’t...
- M Mathematics Suppose a sample of size 250 was taken instead of size 100. how will the margin of error change?...
- M Mathematics Where is the point (-5, 6) located in the coordinate plane? O A. In quadrant II O B. In quadrant O C. On the x-axis O D. In quadrant III...
Ответ:
Option D.
Step-by-step explanation:
In this problem
we have
where
B is the Final Investment Value or a Balance
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
in this problem we have
substitute in the formula above
Ответ:
Her brother: 4/10 or 2/5