Answer:
2248+2224.91= 4472.91
Step-by-step explanation:
A = $2,248.00
I = A - P = $248.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3.1%/100 = 0.031 per year.
Solving our equation:
A = 2000(1 + (0.031 × 4)) = 2248
A = $2,248.00
The total amount accrued, principal plus interest, from simple interest on a principal of $2,000.00 at a rate of 3.1% per year for 4 years is $2,248.00.
A = $2,224.91
A = P + I where
P (principal) = $2,000.00
I (interest) = $224.91
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 2.7/100
r = 0.027 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 2,000.00(1 + 0.027/1)(1)(4)
A = 2,000.00(1 + 0.027)(4)
A = $2,224.91
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $2,000.00 at a rate of 2.7% per year compounded 1 times per year over 4 years is $2,224.91.
Answer:
$937.50
Step-by-step explanation:
interest (I) is calculated as
I = PRT
where P is the principal ( amount borrowed ), R is the rate of interest and T is the time in years
here P = $2500, R = 7.5 and T = 5
I = $2500 × 
× 5 = 25 × 7.5 × 5 = $937.50
Answer:
B.
Step-by-step explanation:
the three sticks of butter were divided among six people
ANSWER: x = -0.082
EXPLANATION:
1. Apply logarithm to both sides of the
equation. If one of the terms has base 10,
use common logarithm, otherwise, use
natural logarithm
2. Use the different properties of logarithms
to solve for the variable.
17
-92 _ 7 = 49
7.17-92 = 56
17-92 = 8
10g17(8)
-92
2
log, 7(8)
-9
log(8)
log(17)
-9
I=
-0.082
2 of 3
Add both sides by 7
Divide both sides by 7
Convert to logarithm
Divide both sides by - 9
