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djyliett [7]
3 years ago
9

Which one of the following letters would be considered formal?

Mathematics
1 answer:
Ivahew [28]3 years ago
8 0
A. a letter of application
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Jimmy invests $2500 in an account with a 5% interest rate, making no other deposits or withdrawals. What will Jimmy’s account ba
Alik [6]

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

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

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

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

A=2500\left(1+\frac{0.05}{6}\right)^{\left(6\right)\left(8\right)}

\:A=2500\left(1+\frac{0.05}{6}\right)^{48}

A=2500\times 1.48935      ∵  \left(1+\frac{0.05}{6}\right)^{48\:\:}=1.48935

A=\:3723.38 $

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.

8 0
2 years ago
mariah owed her grandfather $2.25 but was only able to pay him back 1.50 , how much does mariah currently owe her grandfather
aleksandr82 [10.1K]

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

3 0
3 years ago
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What is the area of the figure below? <br> Haaaaalp please
Thepotemich [5.8K]
A_1=6\cdot5=30\ [in^2]\\\\A_2= \frac{1}{2} \cdot[15+(7+5)]\cdot4=2\cdot(15+12)=2\cdot27=54\ [in^2]\\\\A=A_1+A_2=30+54=84\ [in^2]

4 0
3 years ago
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1. Rosie orders dessert at the cafe. The total bill is $50. She tips the waiter 10%.
laila [671]

Answer:

5

Step-by-step explanation:

this means it'll be $55

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2 years ago
Help me with this math assesment please<br><br> 15 points!!!!!!!
Irina18 [472]

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:

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2 years ago
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