A 16-ounce bottle of shampoo costs $4.69. What is the price per ounce, rounded to the nearest cent? A. $0.29 B. $0.34 C. $2.93 D
2 answers:
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12 will be opposite to 24. Then the number of the people are sitting at the table will be 24.
<h3>What is Algebra?</h3>The analysis of mathematical representations is algebra, and the handling of those symbols is logic.
The several people are sitting evenly spaced around a circular table and the positions are labelled 1, 2, 3 and so on.
The people at positions 3 and 15 are directly opposite each other.
Then the number of the people are sitting at the table will be
1 is opposite to 13
2 is opposite to 14
3 is opposite to 15
Similarly, 12 will be opposite to 24.
Then the number of the people are sitting at the table will be 24.
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We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50