Answer:
$<em>150,858.5</em>
Step-by-step explanation:
The formula for calculating compound interest is expressed as;
A = P(1+r/n)^nt
P is the Principal = $124000.00
r is the rate = 12% = 0.12
t is the total time = 2 years
n is the time of compounding = 1/4 = 0.25(quarterly)
Substitute into the formula;
A= 124000(1+0.12/(0.25))^(0.25)(2)
A = 124000(1+0.48)^0.5
A = 124000(1.48)^0.5
A = 124000(1.2166)
A = 150,858.5
<em>The amount after 2 years if compounded quarterly is 150,858.5</em>
Answer:
Step-by-step explanation:
Problem One
Find AM
AM = 71.5 - 22 = 49.5
Step Two
State the Givens.
AM = 49.5
MN = 71.5
MB = x
MP = 97.5
Step Three
Set up the Proportion
AM : NM :: x : PM
49.5 : 71.5 :: x : 97.5
Substitute and solve
49.5 / 71.5 = x / 97.5 Cross Multiply
49.5 * 97.5 = 71.5 * x Combine the numbers on the left.
4860.375 = 71.5 * x Divide by 71.5
4860.375 / 71.5 = x
x = 67.98
Problem Two
Remark
This is just a straight application of the Pythagorean Theorem
a^2 + b^2 = c^2
a = 10
b = 24
c = ??
10^2 + 24^2 = c^2
100 + 576 = c^2
676 = c^2
sqrt(c^2) = sqrt(676)
c = 26 <<<< answer
Answer:
Step-by-step explanation:
32 x 10 = 320
32 x 4 = 128
320 + 128 = 448
The misused form but it is really the mean the arithmetical form of mean