Solución
Brent Pickett borrowed 4000 from his brother Dave. He agreed to repay the money at the end of 2 years, giving Dave the same amount of interest that he would have received if the money had been invested at 1.25% compounded quarterly. How much money did Brent repay his brother?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
Evan is going to invest in an account paying an interest rate of 4.4% compounded monthly. How much would Evan need to invest, to the nearest dollar, for the value of the account to reach 41,000 in 8 years?5 A rectángulo has a length of 6 centimeters and a width of 5 centimeters. What is the area of the rectángulo? square centimetersa number decreased by 8Use the binomial distribution to find the probability that five rolls of a fair die will show exactaly two threes. Express your answer as a decimal rounded to 1 decimal place.Two trains leave towns 700kilometers apart at the same time and travel toward each other. One train travels 11 kmh slower than the other. If they meet in 4hours. What is the rate of each train?