Ask question

Ask question

All categories

Vedmedyk [2.9K]

3 years ago

6

$875 at 9.5% compunded twice a year. How much money will there be in 5years?

1 answer:

TEA [102]3 years ago

5 0

P = A(1+i)ⁿ, where:
A= initial value
I = interest in %
n= period of compound investment.
However, if the interest is paid twice a year, that means you have to divide the interest by 2 and the period becomes twice n
P = 875(1+9.5%/2)⁵ˣ²
P = 875(1+4.75%)¹⁰
P =875( 1.0475)¹⁰
P = $1,391.7

You might be interested in

A copy machine can print 480 copies every 4 minutes.

Elenna [48]

And what’s the question?????

5 0

2 years ago

Read 2 more answers

a) Read section 1.5 in the Yakir textbook. If you were a teacher and had 30 students in your class and wanted to know the class

OlgaM077 [116]

Answer:

Parameter

Step-by-step explanation:

Required

Parameter of Statistic

From the question, we understand that the teacher is to calculate the class average.

To calculate the class average, the teacher will use the mean function/formula, which is calculated as:

$Mean = \frac{\sum x}{n}$

Generally, mean is an example of a parameter.

<em>So, we can conclude that the teacher will use parameer</em>

7 0

3 years ago

A jet plane can carry up to 200,000 liters of fuel. It used 130,000 liters of fuel during a flight. What percentage of the fuel

Leto [7]

Answer:

Step-by-step explanation:

65%

Step-by-step explanation:

Given: Full capacity= 200000 litres

Amount of fuel used during flight= 130000 litres

Now, finding percentage of fuel used on the flight.

∴ Percentage of fuel used=

Solving it, we will get

∴ 65% of fuel capacity been used in this flight.

4 0

2 years ago

Read 2 more answers

Any help is appreciated, check the picture above for the question.

Aleksandr-060686 [28]

Answer:

y + 5 > -2 i.e. option 4.

Step-by-step explanation:

An inequality is shown in the number line by an arrow and we have to identify the inequality from the options given.

It is clear from the given figure that the y variable is plotted and its value is greater than - 7 but not including - 7.

Therefore, option 4 which gives the inequality y + 5 > -2 will be the correct answer.

As it gives y > - 2 - 5 i.e. y > - 7 (Answer)

8 0

3 years ago

Determine 2nd term and rth term of a.p.whose 6 th term is 12 and 8 th term is 22

Vanyuwa [196]

Answer:

see explanation

Step-by-step explanation:

The n th term of an arithmetic progression is

$a_{n}$ = a₁ + (n - 1)d

where a₁ is the first term and d the common difference

Given $a_{6}$ = 12 and $a_{8}$ = 22, then

a₁ + 5d = 12 → (1)

a₁ + 7d = 22 → (2)

Subtract (1) from (2) term by term to eliminate a₁

2d = 10 ( divide both sides by 2 )

d = 5

Substitute d = 5 into (1) to find a₁

a₁ + 5(5) = 12

a₁ + 25 = 12 ( subtract 25 from both sides )

a₁ = - 13

Thus

$a_{2}$ = - 13 + 5 = - 8

$a_{n}$ = - 13 + 5(n - 1) = - 13 + 5n - 5 = 5n - 18 ← n th term

8 0

3 years ago