Answer:
48000/12
Step-by-step explanation:
then /2 is the semi monthly pay
Answer:
0.514
Step-by-step Explantion:
Denominator = 500 = 2^2 * 5^3
257/500 = 257/2^2*5^3 = 2*257/2*2^2*5^3 = 514/2^3*5^3 = 514/(2*5)^3 = 514/10^3 = 0.514
Step-by-step explanation:
sum of the arithmetic sequence
a1 = 8
a2 = a1 + 8 = 8+8 = 16
...
an = 8×n
the sum of the first n elements of such a series is
n/2 × (2×a1 + (n - 1)×d]
with d being the difference between 2 consecutive elements (= the added constant).
so,
s30 = 30/2 × (2×8 + 29×8) = 15×(31×8) = 3720
6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
