As shown in the figure below the answer is the last option:
The roots of the polynomial in the denominator are:
So, the inequality can be written as follows:
From this inequality we can study the signs and get the same conclusion just as shows the graph.
Since simple interest doesn't involve compounding, the same amount gets added on every year. So, the equation for the simple interest received is
, where
is the total interest,
is the original deposit (or "principal"),
is the interest rate, and
is the time passed in years.
Plugging in our values, we can solve for the interest rate:
9514 1404 393
Answer:
7. $10,459.28
8. $30,060.93
Step-by-step explanation:
Your table 12-2 will tell you the present-value multiplier of the annual payment for a 10-year annuity due will be ...
7%: 7.515232
11%: 6.537048
__
7. The 11% table value will be used with a payment of $1600 to find the present value:
6.537048 × $1600 = $10,459.28 . . . present value of the annuity due
__
8. The 7% table value will be used with a payment of $4000 to find the present value:
7.515232 × $4000 = $30,060.93 . . . present value of the annuity due
Answer:
249 in
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
391/23=17 per hour
102/17=6 Hours
So he would have to work 6 hours to earn $102.00.
