Answer:
558
Step-by-step explanation:
I can't say :>
To solve this we are going to use the future value of annuity due formula:
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%2AP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bkt%7D-1%20%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
where

is the future value

is the periodic deposit

is the interest rate in decimal form

is the number of times the interest is compounded per year

is the number of deposits per year
We know for our problem that

and

. To convert the interest rate to decimal form, we are going to divide the rate by 100%:

. Since Ruben makes the deposits every 6 months,

. The interest is compounded semiannually, so 2 times per year; therefore,

.
Lets replace the values in our formula:
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%2AP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bkt%7D-1%20%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
![FV=(1+ \frac{0.1}{2} )*420[ \frac{(1+ \frac{0.1}{2})^{(2)(15)}-1 }{ \frac{01}{2} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%20%29%2A420%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%29%5E%7B%282%29%2815%29%7D-1%20%7D%7B%20%5Cfrac%7B01%7D%7B2%7D%20%7D%20%5D)
We can conclude that the correct answer is <span>
$29,299.53</span>
Answer:
7/20
Step-by-step explanation:
Hope this helped!
65% of the total expenses is for marketing, in which 500,000 is the total.
First, change the percentage into decimal
65% = 65/100 = 0.65
Next, to find the amount budgeted for marketing, multiply the total with the decimal
0.65 x 500000 = 325000
$325000 is used for marketing
hope this helps
Answer:cost of each pound of apple= $3
And cost of each pound of orange =$2
Step-by-step explanation:
Step 1
Let cost of apples = x
And cost of Oranges =y
Let 6 pounds of apples and 3 pounds of oranges cost 24 dollars be represented as
6 x + 3y= 24----- equation 1
Also, Let 5 pounds of apples and 4 pounds of oranges cost 23 dollars be represented as
5x+ 4y= 23----- equation 2
Step 2
6 x + 3y= 24----- equation 1
5x+ 4y= 23----- equation 2
Using substitution method to solve the equation
6 x + 3y= 24
24-6x=3y
y= 24-6x/3 = 8-2x
Y= 8-2x
Substituting the value of y= 8-2x into equation 2
5x+ 4( 8-2x)= 23
5x+ 32 -8x= 23
32-23= 8x-5x
9=3x
x=9/3
x=3
Putting the value of x= 3 in equation 1 and solving to find y
6 x + 3y= 24
6(3) +3y= 24
18+3y=24
3y= 24-18
3y=6
y=6/3= 2
Therefore the cost of each pound of apple= $3
And cost of each pound of orange =$2