Answer:
Step-by-step explanation:
If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
***
compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.
For given problem:
P=10000
r=.02
n=2
t=6, 12, 18
..
A(6)=10000(1+.02/2)^2*6
A(6)=10000(1.01)^12=11,268.25
A(12)=10000(1.01)^24=12,697.35
A(18)=10000(1.01)^36=14,307.69
Answer:
1/4
Step-by-step explanation:
7/12 X 3/7 = 21/84 = 1/4
Answer:
1.16 is the answer
Step-by-step explanation:
21x(9)=9x21
21y= 9x21
Y=9x21/21
Y=9x1
Y=9
Answer:
D. 16
Step-by-step explanation:
GE = 9 + x - 2 = 9 + 9 - 2 = 18 - 2
GE = 16