9514 1404 393
Answer:
$13,916.24
Step-by-step explanation:
First, we need to find the value of the CD at maturity.
A = P(1 +rt) . . . . simple interest rate r for t years
A = $2500(1 +0.085·3) = $2500×1.255 = $3137.50
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Now, we can find the value of the account with compound interest.
A = P(1 +r)^t . . . . . rate r compounded annually for t years
A = $3137.50 × 1.18^9 = $13,916.24
The mutual fund was worth $13,916.24 after 9 years.
Answer:
118 ounces
Step-by-step explanation:
1 pound = 16 ounces
7 pounds = 112 ounces
112 + 6 = 118 ounces
Answer:
?
Step-by-step explanation:
Y=2,137.00-(15.15*X)+(33.09*X)
Its simple arithmetic when you get down to it. The $2,137 won't change because it is the base rate per month, meaning even if they don't make any units they will still earn that much in the month. You subtract from that the cost to make a unit, in this case it is $15.15 per unit, so you multiply the cost by number of units to get the month's total costs. Then add the total month's profits by multiplying the number of units by the profits of one unit.
