How much is 24 ounces of spread if it is $6.40 per pound?
2 answers:
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3 giant Sandwiches,
8 friends,
Have to be shared equally,
Each friend gets =
If we solve, we'll end with 0.375 Which is between 0 and 1.
So,
It will lie in between 0 and 1.
!! Hope It Helps !!
8 friends,
Have to be shared equally,
Each friend gets =
If we solve, we'll end with 0.375 Which is between 0 and 1.
So,
It will lie in between 0 and 1.
!! Hope It Helps !!
Answer:
a) amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
Step-by-step explanation:
We are given:
Principal Amount P= 5000
Rate r= 4% = 0.04
time t = 7 years
The formula used is:
where A is future value, P is principal amount, r is rate, n is compounded value and t is time
a) Find the amount in the bank after 7 years if interest is compounded quarterly?
If interest is compounded quarterly then n = 4
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) Find the amount in the bank after 7 years if interest is compounded monthly?
If interest is compounded quarterly then n = 12
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,612.57