How much money will you have in 10 years if you invest $12,000 at a 3.3% annual rate of interest compounded quarterly?

The amount is $16718.7 and the interest is $4718.7.

Step-by-step explanation:

STEP 1: To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

P=$12000 , r=3.33% , n=4 and t=10 years

After plugging the given information we have

=12000(1+0.03334)4⋅10=12000⋅1.00832540=12000⋅1.393225=16718.7

STEP 2: To find interest we use formula A=P+I, since A=16718.7 and P = 12000 we have:

A16718.7II=P+I=12000+I=16718.7−12000=4718.7

c

step-by-step explanation:

answer:

total cost for tiles and paints is $924.  

step-by-step explanation:

we have been given that a community hall is in the shape of a cuboid. the hall is 40m long 15m high and 3m wide.

the paint will be required for 4 walls and ceiling.

let us find area of walls and ceiling.

therefore, the area of walls and ceiling is 1410 square meters.

given: cost for 10 litre of paint is $10 and 10 litre paint covers 25 square meter. therefore,

therefore, the total painting cost is $564.

tiles will be required for floor. let us find the area of floor.

given: 1m squared floor tiles costs $3. so,

therefore, the total tiles cost is $360.

now let us find combined total cost of tiles and paint.

therefore, the combined total cost of tiles and paint is $924.