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3 years ago

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

1 answer:

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

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This has 2 solutions

Step-by-step explanation:

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3 years ago

Subtract. What is the difference (9 * 10"") - (4 * 10 ") in scientific

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2 years ago

A rectangular tank measures 30 cm by 20 cm by 40 cm. How many milliliters of water are in the tank when it is full? How many lit

mario62 [17]

Answer:

24000 cm³ or 24 L

Step-by-step explanation:

The measure of a tank is 30 cm by 20 cm by 40 cm.

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2 years ago

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2 years ago

Last year Baron Enterprises had $800 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity

Svetllana [295]

Answer: B. $430.80

Step-by-step explanation:

Given : Last year Baron Enterprises had $800 million of sales.

It had $270 million of fixed assets that were used at 65% (=0.65) of capacity last year.

Now, the used asset = $0.65\times270=\$175.5$ million

Now, Baron Enterprises had $800 million of sales in $175.5 million of assets , if we use all of $270 million of fixed assets , then the sales will be :-

$\dfrac{800}{175.5}\times270=1230.76923077\approx1230.80\text{ million}$

Now, the increase in Baron's sales before it is required to increase its fixed assets = $\$1230.80-$800=\$430.80\text{ millions}$

Hence, the increase in Baron's ( in million ) sales before it is required to increase its fixed assets = $430.80

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3 years ago