1. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $2000
r = interest rate = 4%
n = the number of times that interest is compounded per year = 4
x = the number of years = 5
Calculations:
A = 2000 (1 + 0.04/4)²⁰
A = 2000 (1 + 0.01)²⁰
A = 2000 (1.01)²⁰
A = 2000 ₓ 1.22
A = $2440.38
2. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 48%
n = the number of times that interest is compounded per year = 12
x = the number of years = 2
Calculations:
A = 50 (1 + 0.48/12)²⁴
A = 50 (1 + 0.04)²⁴
A = 50 (1.04)²⁴
A = 50 ₓ 2.56
A = $128.16
3. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 4%
n = the number of times that interest is compounded per year = 12
x = the number of years = 3
Calculations:
A = 50 (1 + 0.04/12)³⁶
A = 50 (1 + 0.003)³⁶
A = 50 (1.003)³⁶
A = 50 ₓ 1.12
A = $56.36
Answer:
option D is the right answer
Answer:
1/3 (one-third)
Step-by-step explanation:
A scale factor that produces an image <u>smaller</u> than the original figure is <u>less</u> than 1. A scale factor that produces an image <u>bigger</u> than the original figure is <u>more</u> than 1.
Thus, the only option that's less than 1 is one-third.
Answer:
The answer is 8.24%.
Step-by-step explanation:
The rate r = 8% is for 1 year or 52 weeks.
As given there are 13 weeks term so total there will be = 4 terms.
So, n = 4
The effective interest rate R is given by:
R = 
= 
= 
= 0.0824
And in percentage, it is 8.24%.
