Answer: I am the saving grace
Step-by-step explanation:
In the attachments :)
Answer:
Shorty has $142 after 7 month.
Step-by-step explanation:
The concept of compounded interest involves an initial capital that is reinvested month by month, it means that the initial capital plus the interest earned during the first month is reinvested on the second month and so on. The equation that describes the relationship between the final capital with the initial capital, the percentage of compounded interest and the time is:
Cf = Ci(1 + r)^n
where Cf: final capital (the money tha Shorty needs, $142)
Ci: initial capital (the money that Shorty has, $80)
r is the interest (9% = 0,09)
n: time (in months)
⇒142 = 80 (1 + 0,09)^n ⇒ 142/80 = (1,09)^n ⇒ 1.775 = (1,09)^n At this point you have to apply logarithms.
⇒ log (1.775) = n log (1.09) ⇒ n = log (1.775)/log (1.09) ⇒ n= 6.658
Shorty has $142 after 7 month.
Answer:
$1060
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5.3%/100 = 0.053 per year,
then, solving our equation
I = 2000 × 0.053 × 10 = 1060
I = $ 1,060.00
The simple interest accumulated
on a principal of $ 2,000.00
at a rate of 5.3% per year
for 10 years is $ 1,060.00.
Answer:
Area: 200.96yd²
Circumference: 50.24yd
Step-by-step explanation:
See attached image
