Answer:
$755.80
Step-by-step explanation:
Determine the compound amount first and then subtract the principal from it, to find the amount of interest.
The compound amount formula is A = P (1 + r/n)^(nt), where
P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years. Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).
We get:
A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.
The compound amount is $2934.80. Subtracting the $2179 principal results in the interest earned: $755.80.
Answer:
what will I do here?
Step-by-step explanation:
sorry im still grade 3
Answer:
Step-by-step explanation:
It's arithmetic.
Just keep on adding 8 to each term.
-3 + 8 = 5
5 + 8 = 13
13 + 8 = 21
Answer:
b or 150
Step-by-step explanation:
Answer:
(0.118, 4.882)
Step-by-step explanation:
If a motorist drives for m hours at 120km/hr, then the Distance of the motorist is expressed as;
Distance = Speed * time
da = 120m
If he drives n hours at 18km/hr;
db = 18 * n
db = 18n
Speed of the motorist altogether is expressed as;
Speed =78km/5hrs
Speed = 15.6km/hr
SInce the total distnce is 78km
120m + 18n = 78 ....1 ..... * 1
If total time is 5hrs
m + n = 5....2 ...*18
Solve simultaneously
120m + 18n = 78
18m + 18n = 90
Subtract
120m - 18m = 78-90
102m = -12
m = 0.118 hrs
m =
Since m + n = 5
n = 5 - m
= 5 - 12/102
n = 4.882
Hence (m,n) is (0.118, 4.882)
