Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.
Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Since 300 is 100%, you treat it as such.
300/(100/70) = 210 (rounded)
You do a similar thing for 600
1/4 of 100 is 25
100/25 = 4
600 / 4 = 150
70% of 300 is more.
Answer:
The line segment partitioned two-fifths from A to B is (10,6)
Step-by-step explanation:
First point from A to B is (16,8)
than find the difference between A to B i.e B - A
(1,3)-(16,8) = (-15,-5)
To measure the (2/5) difference we will multiply (-15,-5) with (2/5) which is equal to (-6,-2)
Now Add the difference to the first coordinate (point A) gives
Point of division = (16,8)+(-6,-2)
Point of division = (16-6, 8-2)
Point of division = (10,6)
I'd say 4 meters and 400dm are equal.
Answer:
8%
Step-by-step explanation:
The amount repaid is ...
A = P(1 +rt)
Filling in the given values, we can find r.
(18·28) = 450(1 +r(18/12)) . . . . . t is in years
504 = 450 + 675t
54/675 = 0.08 = 8%
The simple interest rate on the loan is 8%.
