To calculate amount accrued after a given period of time we use the compound interest formula: A= P(1+r/100)∧n where A i the amount, P is the principal amount, r is the rate of interest and n is the interest period.
In the first part; A= $ 675.54, r= 1.25% (compounded semi-annually) and n =22 ( 11 years ), hence, 675.54 = P( 1.0125)∧22
= 675.54= 1.314P
P= $ 514.109 , therefore the principal amount was $ 514 (to nearest dollar)
Part 2
principal amount (p)= $ 541, rate (r) = 1.2 % (compounded twice a year thus rate for one half will be 2.4/2) and the interest period (n)= 34 (17 years×2)
Amount= 541 (1.012)∧34
= 541 ×1.5
= $ 811.5
Therefore, the account balance after $ 811.5.
Answer:
-8
Step-by-step explanation:
(x-3y=136) + (18x+3y=288) We collect both processes to make y's disappear
19x=-152
x=-8
Answer:
42 sales plz mark as brainliest
Step-by-step explanation:
60 + 4.5(x) =250
60 + 4.5x =250
4.5x = 250-60
4.5x = 190
x = 190/4.5
x= 42 sales
Point, line and plane are the undefined terms
Answer:
The smaller number is 0.6666... repeating, and the larger number is 1.3333... repeating.
Step-by-step explanation:
