Answer:
Let's try and figure it out yearly:
So for the first year the deposits would amount to 40 * 12 = $480
Now since the interest rate is applied yearly we will assume that the interest rate will be applicable to the amount that is left after the first year of deposits
So that would be 889.98 - 480 = 409.98
409.98 * 14.99 % = 61.45
The new amount owed for the second year would be 409.98 + 61.45 = 471.43
So by the end of the second year the debt would of been wiped clean with $8.57 to spare.
So the answer would be 24 months
Step-by-step explanation:
Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
Policeman A = 56 tickets
Step-by-step explanation:
Policemen A + B = 70
If Policeman B hands out x no of tickets...
Then Policeman A hands out 4x no of tickets
meaning...
x + 4x = 70
5x = 70
x = 70/5
x = 14
Therefore Policeman A hands out..
4x = 4 × 14 = 56 tickets
Answer:
V=πr²h
Step-by-step explanation:
The equation I put above is the equation to solve for the volume of a cylinder. This equation uses pi, radius, and height.
If this answer is correct, please make me Brainliest!
This situation is governed by a linear equation:
Total Pay = Base Salary + Commissions, and here that equation is:
Total Pay = $150 + 0.14(Total of sales for the week).
Here, Total Pay = $150 + 0.14($6050) = $150 + $847 = $997
