Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation

where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation



∵ 
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Answer:
0.75 cents
Step-by-step explanation:
You take...
$2.25 and subtract $1.50 to get 0.75 cents
In-depth...
Start off with taking a dollar away...
2.25 - 1.00 = 1.25
Then take off 0.50 cents...
We know that 0.50 cents are two 0.25 cents
So, we take off one 0.25 cent
1.25 - 25 = 1.00
Then the next 0.25 cents
*Remember: twenty-five (.25), fifty (.50), seventy-five (.75), a dollar (1.00)
<--- it is just adding 25 each time
If we subtract 0.25 cents from a dollar we get...
0.75 cents
Answer:
5
Step-by-step explanation:
this means it'll be $55
Answer:
for part a i think it is the second one sorry if i do get it wrong and i couldnt answer the last one sorry
Step-by-step explanation: