Answer:
Continuously
Step-by-step explanation:
Compounded continuously:
A = Pe^(rt)
A = 11,000 e^(0.0625 × 10)
A = 20,550.71
Compounded semiannually (twice per year):
A = P(1 + r)^t
A = 11,000 (1 + 0.063/2)^(2×10)
A = 11,000 (1 + 0.0315)^20
A = 20,453.96
V = 4/3 (pi r times ^3) = formula for this knowing that you than
Combine volumes up (1ft times 3.14) + (2ft times 3.14) + (3ft times 3.14)
18.8 >. rounded to the nearest cubic foot of 19
Answer:
$429.75
Step-by-step explanation:
First, find the tax rate on the sale of the boat: Let r represent that rate. Then,
$12,500r = $562.50. Solving for r, we get r = $562.50 / $12,500 = 0.045
The tax rate is 0.045, or 4.5%.
Applying this tax rate to a boat selling for $9,550:
0.045($9,550) = $429.75. This is the amount of tax on the 2nd boat.
Answer:
$11040
Step-by-step explanation:
first of all the question says that $4000 were earned in a year and asks for what the new vale would be after the next 3 years with a discount rate of 8%.
If 1 year=$4000,then 3 years=$12000
100%-8%=92% (this happens because there is still a remaining amount that still has a cost to it),so 12000*92%=$11040
