The answer is 8%
Compound interest formula is:
A = P(1 + r/n)ⁿˣ
A - the final amount
P - the initial amount
r - interest rate
n - number of compoundings per year
x - time period
We have:
A = <span>$1389.08
P = </span><span>$1000
r = ?
n = 2 (it is semiannual)
x = 4
</span>A = P(1 + r/n)ⁿˣ
1389.08 = 1000(1 + r/2)²*⁴
1389.08 = 1000(1 + r/2)⁸
(1 + r/2)⁸ = 1389.08/1000
(1 + r/2)⁸ = 1.389
![\sqrt[8]{(1 + \frac{r}{2} ) ^{8}} = \sqrt[8]{1.389} \\ 1 + \frac{r}{2} =1.04 \\ \frac{r}{2} = 1.04-1 \\ \frac{r}{2} = 0.04 \\ r = 2*0.04 =0.08](https://tex.z-dn.net/?f=%20%5Csqrt%5B8%5D%7B%281%20%2B%20%20%5Cfrac%7Br%7D%7B2%7D%20%29%20%5E%7B8%7D%7D%20%20%20%3D%20%20%5Csqrt%5B8%5D%7B1.389%7D%20%20%5C%5C%20%0A1%20%2B%20%20%5Cfrac%7Br%7D%7B2%7D%20%3D1.04%20%5C%5C%20%0A%20%5Cfrac%7Br%7D%7B2%7D%20%3D%201.04-1%20%5C%5C%20%0A%20%5Cfrac%7Br%7D%7B2%7D%20%3D%200.04%20%5C%5C%20%0Ar%20%3D%202%2A0.04%20%3D0.08)
r = 0.08 = 8/100 = 8%
Answer:
13 sheep, 19 chicken
Step-by-step explanation:
You can start to solve this problem by assigning variables. First, let's assign the number of sheep there are as
and the number of chickens there are as
.
Because each sheep has 4 legs, the number of legs for each sheep would be
. Similarly, because each chicken has 2 legs, the number of legs for each chicken would be
. Each animal would have 1 head, so the number of heads would just be
and
. Because the number of legs in total are 90,
. Because the number of heads in total are 32, 
There is now a system of equations with two unknown variables and two equations. There are many ways to solve this, but for me, the easiest would be elimination. First, I would double the second equation,
. Then, I would subtract that from the first equation, eliminating
.
. Solving for x gives 13. We can then plug that value into the second equation, making y be
. This means that
and
, meaning that there are 13 sheep and 19 chicken.
Answer: True
Step-by-step explanation: Because the solutions can not land on the dotted lines.