It’s the 2nd one
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Answer
Step-by-step explanation: The answer is -13 1/3
Answer:
8.85% per year
Step-by-step explanation:
To find the interest rate of a compounding interest, we use the formula:
![r=n[(\dfrac{A}{P})^{\dfrac{1}{nt}}-1]](https://tex.z-dn.net/?f=r%3Dn%5B%28%5Cdfrac%7BA%7D%7BP%7D%29%5E%7B%5Cdfrac%7B1%7D%7Bnt%7D%7D-1%5D)
Before we start solving, let's break down all the variables that we have.
A = 19,992.71
P = 10,000.00
n = 2
t = 8
r = ?
Now let's put the values into the formula.
![r=2[(\dfrac{19,992.71}{10,000.00})^{\dfrac{1}{2(8)}}-1]](https://tex.z-dn.net/?f=r%3D2%5B%28%5Cdfrac%7B19%2C992.71%7D%7B10%2C000.00%7D%29%5E%7B%5Cdfrac%7B1%7D%7B2%288%29%7D%7D-1%5D)
![r=2[(\dfrac{19,992.71}{10,000.00})^{\dfrac{1}{16}}-1]](https://tex.z-dn.net/?f=r%3D2%5B%28%5Cdfrac%7B19%2C992.71%7D%7B10%2C000.00%7D%29%5E%7B%5Cdfrac%7B1%7D%7B16%7D%7D-1%5D)
![r=2[(\dfrac{19,992.71}{10,000.00})^{0.0625}-1]](https://tex.z-dn.net/?f=r%3D2%5B%28%5Cdfrac%7B19%2C992.71%7D%7B10%2C000.00%7D%29%5E%7B0.0625%7D-1%5D)
![r=2[(1.9992.1)^{0.0625}-1]](https://tex.z-dn.net/?f=r%3D2%5B%281.9992.1%29%5E%7B0.0625%7D-1%5D)
![r=2[1.0442499885-1]](https://tex.z-dn.net/?f=r%3D2%5B1.0442499885-1%5D)
![r=2[0.0442499885]](https://tex.z-dn.net/?f=r%3D2%5B0.0442499885%5D)
or 
So the rate the Mrs. Emily Francis got from the bank was 8.85% per year.
Answer:
$2643.06
Step-by-step explanation:
Total purchase = $2436 + 8.5% of $2436
= $2436 + (0.085 * 2436)
= $2436 + $207.06
= $2643.06
Answer: I divided 16.75 by 5
Step-by-step explanation:
For every 1 gallon hes using 3.35
So 22 x 3.35 is 73.70 so hell need 70 cent more