The future value of $1,000 invested at 8% compounded semiannually for five years is 
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %

(Compounding period for semi annually = 2)

Dividing “i” by compounding period

Solving for future value using equation 1



Answer:
0.25 % loss.
Step-by-step explanation:
Let the cost of 1 watch be rs x then the cost of the other is rs 400 - x.
Let the sp be rs y.
So we have:
y = x + 0.05x
y = (400 - x) - 0.05(400 - x)
y = 400 - x - 20 + 0.05x
y = 380 - 0.95x
So x + 0.05x = 380 - 0.95x
2x = 380
x = 190.
and y = 190 + 0.05*190 = 199.5.
So the total selling price = 2 * 199.5 = rs 399
So final loss is [ (400-399)/ 400] * 100
= 0.25 %.
Answer:
x - 2
Step-by-step explanation:
2x - x = x
-3 - -1 = -2