Mrs. Clemons has 108 cookies to hand out to her 22 students. If each student gets the same number of cookies, and there are 22 k
1 answer:
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Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation
where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation
∵
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Answer: mean=87, median=87.5 and range=18
Step-by-step explanation:
Mean:
First add all the numbers
78+95+77+92+87+79+94+86+88+94 = 870
Then you divide the answer by counting the numbers
870÷10
=87
Median:
First arrange the numbers in ascending order (from smallest to largest)
77, 78, 79, 86, 87, 88, 92, 94, 94, 95
pick the two middle numbers which is 87 and 88
then you do
= 175÷2
= 87.5
range = Largest number - smallest number
= 95-77
= 18