Answer:
Peyton's account will have $13,842.18 after a year.
Step-by-step explanation:
Given that Peyton received $ 12,700 and decided to invest it for a year in an account that grants an interest of 8.8% per year, compounded semiannually, to determine the amount of money that will be in said account after the passage of one year, it is necessary to perform the following calculation:
X = 12,700 (1 + 0.088 / 2) ^ 1x2
X = 13,842.18
Therefore, after a year has passed, Peyton's account will be $ 13,842.18.
Step-by-step explanation:
you add 9% to a number by multiplying that number by 1.09.
because adding 9% gives us in the end 109% of the original amount.
anyway, the formula for quarterly compounded interest is
Cq = P [ (1+r)^(4*n) – 1 ]
P is the starting principal amount
r is the interest rate per quarter (= interest rate / 4)
n would be the number of years (= 1 in our case).
so, the interest after 1 year is
12500((1 + 0.09/4)⁴ - 1) = 12500(1.0225⁴ - 1) =
= 12500 × 0.093083319 = $1,163.541485 ≈ $1,163.54
Answer:
It’s a
Step-by-step explanation:
Am smart
Answer:
5½ inches
Step-by-step explanation:
7⅔ - 2 1/6 = 7 4/6 - 2 1/6 = 5 3/6 = 5½
