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3 years ago

find the amount at compound interest that #600 would be at 3% the end of the first year, 2% at the end of the second year

Mathematics

1 answer:

zaharov [31]3 years ago

4 0

Step-by-step explanation:

First we find the interest at the end of the first year.

Principal = #600

Rate = 3%

Time = 1 year

Interest = $\frac{600 * 3 * 1}{100}$

= #18

Amount = #618 at the end of the first year

Now at the end of the second year.

Principal now = #618

Rate now = 2%

Time = 1 year

Interest = $\frac{618 * 2 * 1}{100}$

= #12.36

Amount = #630.36 at the end of the second year

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3 years ago

Solve -7(3x-7)+21x_>50

ohaa [14]

Answer:

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3 years ago

Jim owns stock in gamma vision inc. That company announces that it will split its stock with three new shares per two old shares

g100num [7]

Option C: 600 shares worth $16.67 each is the correct answer

Step-by-step explanation:

In the share market, a 2 to 3 split(mentioned in the question) means that the share holders get one half of already owned shares and the price of each share declines by one-third.

Given

Jim's shares = s = 400

Price per share =p = $25

First of all we will calculate the new shares:

Let sn be the number of new shares

As explained above

$sn = s + \frac{s}{2}\\sn = 400 + \frac{400}{2}\\sn = 400+200\\sn = 600$

Now the news price will be:

$New\ price = Old\ price - \frac{Old\ price}{3}\\= 25 - \frac{25}{3}\\= 25 - 8.33\\= 16.67$

The new number of shares will be 600 and the price of each share will be: $16.67

Hence,

Option C: 600 shares worth $16.67 each is the correct answer

Keywords: Shares, 2-to-3 split

Learn more about stock exchange at:

#LearnwithBrainly

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3 years ago

Rafael counted a total of 40 white cars and yellow cars there were nine times as many white cause as yellow cars how many white

gregori [183]

(White cars)9+1(yellow cars

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4 is the amount of yellow cars so take that away from 40

Your answer is 36

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3 years ago

find the amount at compound interest that #600 would be at 3% the end of the first year, 2% at the end of the second year​

find the amount at compound interest that #600 would be at 3% the end of the first year, 2% at the end of the second year