Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Answer:
Step-by-step explanation:
For 6x+3y-12 the greatest common factor is 3 so
3(2x+y-4)
For -2+6x+4+4x
10x+2 and 2 is greatest common factor so
2(5x+1)
Answer:
78.5 inches
Step-by-step explanation:
The formula for the circumference of a circle is
.
So the circumference of this circle is
(in)
I am assuming its compound interest:-
Balance = 1500(1 + 0.037)^2 = £1613.05 answer
Answer:
0.657 I think this is the answer or it's 0.065 hehe