Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
Answer:
25% of 200 is 50
Step-by-step explanation
40% of a number is 80
.40 * n = 80
Divide each side by .4
.40 n/.4 = 80/.4
n = 200
The number is 200
Now lets find 25 percent of that number
.25 * 200 = 50
Answer:
Gallery: g
Balcony: 2g
Main floor: 2g+225
Step-by-step explanation:
Answer:
First Question = 16 Second Question = 8
Step-by-step explanation:
First one
32+48=x(2+3)
80=5x
Divide each sides with 5 and you have x=16
Second one
32+48=4(x+12)
80=4x+48
subtract 48 from 48 and 80 and you have 32=4x.
Divide it with 4 both side and you have x=8
