Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
Step-by-step explanation:
10 minutes = 600 seconds
Seconds per question is seconds/questions
Divide 600 by the number of questions:
600/(number of questions) = ________ seconds per question
Answer: I think this is right
Step-by-step explanation:
Answer:
Step-by-step explanation:
At the end of any given business day, CFFC has 400-80t cases of perfume on hand, where t = 1 represents Monday, t = 2 represents Tuesday and so on. The inventory becomes nil on Friday evening. So,
The values of a and b are
a = 0
b = 5
Using the formular for average value, we have the average value as
Average inventory is 200 cases
Answer:
Step-by-step explanation:
Use proportions to solve.
Corresponding sides have same ratio.
<u>Question 1</u>
- (6x + 3)/17 = (8x - 1)/21
- 21(6x + 3) = 17(8x - 1)
- 126x + 63 = 136x - 17
- 10x = 80
- x = 8
<u>Question 2</u>
- (x + 8)/21 = 32/28
- x + 8 = 21*8/7
- x + 8 = 24
- x = 24 - 8
- x = 16
