Given:
Principal amount = 5,000
interest rate = 6.25%
number of times the interest is compounded per year; 12 times, monthly
terms = number of years; 5 years, 60 months
A = P (1 + r/n)^nt
A = 5,000 (1 + .0625/12)^12*5
A = 5,000 (1 + 0.005)⁶⁰
A = 5,000 (1.35)
A = 6,750
6,750 / 60 months = 112.50 per month
Answer:
With the Adams-Onis treaty
Explanation:
Spain managed to conquer lot of territory in the New World without any particular problem, but a problem arose later as Spain didn't had enough people to settle all the areas that it had conquered. One of those areas was Florida. The Spanish lacked people to make large and strong settlements in Florida, and on top of it, they were in constant conflict with the neighboring Georgia, thus Florida became a burden. In order to calm things down, the Spanish and the United States set on a negotiating table. Through negotiations, Spain gave Florida to the United States, while the United States backed off from the troublesome boundary along the Sabine River in Spanish Texas.
Answer:
True
Explanation:
Benjamin Franklin is a huge name in American history. He was an American polymath.
In an autobiography of Benjamin Franklin, it is stated that Franklin believes that bad deed comes from bad habits so to achieve moral perfection, one should replace old habits with new habits.
Franklin's beliefs on moral behavior supported practicality, self-reliance, anti-drug programs, and discipline.
Hence, the given statement is "True".
Answer:
Before the 1760s, textile production was a cottage industry using mainly flax and wool. A typical weaving family would own one hand loom, which would be operated by the man with help of a boy; the wife, girls and other women could make sufficient yarn for that loom.
Explanation
The knowledge of textile production had existed for centuries. India had a textile industry that used cotton, from which it manufactured cotton textiles. When raw cotton was exported to Europe it could be used to make fustian.
Two systems had developed for spinning: the simple wheel, which used an intermittent process and the more refined, Saxony wheel which drove a differential spindle and flyer with a heck that guided the thread onto the bobbin, as a continuous process. This was satisfactory for use on handlooms, but neither of these wheels could produce enough thread for the looms after the invention by John Kay in 1734 of the flying shuttle, which made the loom twice as productive.
Source: Wikipedia
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