Answer:
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Step-by-step explanation:
is there supposed to be a picture with this
To calculate amount accrued after a given period of time we use the compound interest formula: A= P(1+r/100)∧n where A i the amount, P is the principal amount, r is the rate of interest and n is the interest period.
In the first part; A= $ 675.54, r= 1.25% (compounded semi-annually) and n =22 ( 11 years ), hence, 675.54 = P( 1.0125)∧22
= 675.54= 1.314P
P= $ 514.109 , therefore the principal amount was $ 514 (to nearest dollar)
Part 2
principal amount (p)= $ 541, rate (r) = 1.2 % (compounded twice a year thus rate for one half will be 2.4/2) and the interest period (n)= 34 (17 years×2)
Amount= 541 (1.012)∧34
= 541 ×1.5
= $ 811.5
Therefore, the account balance after $ 811.5.
Answer:
The first blank is $640.30
The second blank is 670
Step-by-step explanation:
Maria isn't correct of this. Adding these will get you 82960 (You add the numbers) She must have miscalculated.
<span>The average length of a bike (including the length of both wheels) is about 68 inches.For finding the true answer we must follow the following convertion rule: 1 inch is equivalent to 0.02 yard, so 68 inches equal to 1.88 yards. Consequently, the value nearest 1.88 yards is 1.5 yards, so the answer is the choice A: 1.5 yards. </span>