Answer
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The house with 30000 cubic foot costs less to cool per cubic foot than the house with 25000 cubic foot.
Step-by-step explanation:
The cost of cooling 30000 cubic foot house = $7
Cost per cubic foot = 7/30000
=$0.00023
The cost of cooling 25000 cubic foot house= $6.50
Cost per cubic foot=6.50/25000
= $0.00026
The house with 30000 cubic foot costs less to cool per cubic foot than the house with 25000 cubic foot.
Answer:
The amount after 4 years = $ 16198.87
Step-by-step explanation:
Points to remember
Compound interest
A = P[1 + R/n]^nt
Were A - Amount
P - Principle
R - Rate of interest
t - Number of years
n - Number of times compounded
<u>To find the amount</u>
Here P = $11,800, R = 8% = 0.08, t = 4 years and n = 4 times
A = P[1 + R/n]^nt
= 11800[1 + 0.08/4]^(4 * 4)
= 16198.87
Therefore amount after 4 years = $ 16198.87
