Which is an example of a proprietorship?
2 answers:
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Answer:
The volume in liters is 2.041165665 liter.
Step-by-step explanation:
Given : Clare wants to mail a package that weighs pounds.
To find : What could be its volume in liters ?
Solution :
We know that,
Pound (lb) is a unit of Weight used in Standard system.
Liter (l) is a unit of Volume used in Metric system.
To convert 1 pound into liter is
1 pound (lb) = 0.45359237 liter (l)
pounds in simpler fraction is
Converting into liter,
pound (lb)=
liter (l)
pound (lb) = 2.041165665 liter (l).
Therefore, the volume in liters is 2.041165665 liter.
We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5