actual cost is 950+23,500=24450
he sold them for 25000 so his profit is 25000-950-23500=550
<h3>
Answer: $7,853.16</h3>
Work Shown:
A = P*(1+r/n)^(n*t)
A = 4750*(1+0.10/2)^(2*10)
A = 12,603.164099436
A = 12,603.16
That represents the account balance after 10 years. To find the interest only, subtract off the deposit amount.
interest = A-P = 12,603.16 - 4,750 = 7,853.16
For this case we have an equation of the form:
y = A * (b) ^ t
Where,
A: initial amount
b: growth rate
t: time
The given equation is:
a = 1300 (1.02) ^ 7
Where,
b = 1.02
It represents a growth of 2% on the initial amount.
Answer:
1.02 represented in this equation a growth of 2% on the initial amount.
Yes
No
Yes
No
This is because in order to be addition property of equality they have to add/ subtract by the same exact amount on both sides.
A = 5,460B = 5,733C = 7,280D = 6,720E = 8,050
