Answer:
Annual: $302 737.50
Continuous: $332 507.52
Step-by-step explanation:
A. Compounded annually
The formula for <em>compound interest</em> is
A = P(1 + r)ⁿ
Data:
P = $45 000
r = 10 %
t = 20 yr
Calculations:
n = 20
A = 45 000(1+ 0.10)²⁰
= 45 000 × 1.10²⁰
= 45 000 × 6.727 499 95
= $302 737.50
B. Compounded continuously
The formula for <em>continuously compounded inerest</em> is



= 45 000 × 7.389 056 61
= $332 507.52
The answer to this question is 23. How you get this is by adding all the sides like this: 2n+6+135+151+140+63=540. Then you just solve the equation.
Answer:
t < 5
Step-by-step explanation:
47 > 6t + 17
30 > 6t
5 > t
t < 5
Given:
amount borrowed $6,100
interest rate 6% - assuming annual interest rate
term - 290 days of a 365 day year.
This is a simple interest computation.
Interest = Principal * interest rate * term
Interest = 6,100 * 6% * 290/365
Interest = 290.79
Total payment at the end of the 290 term would be $6,390.79.
Principal + interest → 6,100 + 290.79 = 6,390.79
Answer:
Difference between high and low temperatures: 12°F
Average change in temperature per hour: 2°F
Step-by-step explanation:
The difference between high and low temperatures was: 7 - (-5) = 12 (°F)
Midnight is 12am, so 6pm to midnight is 6 hours.
The average change in temperature per hour is: 12 / 6 = 2 (°F)