Before we start answering the question, let's define the compound interest formula:
Where:
<span>'A'</span> is the amount of money in dollars
'P' is the principal amount of money in dollars
'r' is the interest rate (decimal)
'n' is the number of times interest is compounded per year
't' is the time in years
<span>
(A) Find Principal Amount</span><u /><span><u>Given:</u>
</span>A = 12,000
P = ?
r = 0.08
n = 2 (semiannually)
t = 5
Now we plug our values in and solve:



∴ You would have to deposit $8106.77 in order to have $12,000 in 5 years from now.
(B) Find Principal AmountSame given values as above, with the exception of 't' which is now 10 instead of 5.



∴ You would have to deposit $5476.64 in order to have $12,000 in 10 years from now.
Hope this helps!
Answer:
x=4 is the correct answer:)
Step-by-step explanation:
Answer:
40 + 2r
Step-by-step explanation:
Well an hour has 60 minutes.
So 60 x 1/30 = 60/30 = 2 minutes for each person that didn't get into the job
60 x 1/3 = 60/3 = 20 minutes for the people that made it into the job.
20 x 2 = 40 minutes in total for the people that made it into the job.
We don't know how much people got rejected so:
The answer is
40 + 2r
Answer:
The actual length of the lap = 250 meters
Step-by-step explanation:
∵ The scale factor of the map is 1:1000
∵ The length of the lap on the map is 25 cm
∴ 
Where x is the actual length of a lap
∴ x = (25 × 1000) ÷ 1 = 25000 cm
∵ 1 meter = 100 centimeter
∴ The actual length of the lap = 25000 ÷ 100 = 250 meters