The amount after 2 years is $2,295.
Given that,
- The invested amount is $1,240.
- The rate of interest is 8%.
- The number of years is 2 × 4 = 8
Based on the above information, the amount after 2 years is
Future value = Present value ×(1 + rate of interest)^number of years
= $1,240 × (1 + 0.08)^8
= $1,240 × 1.08^8
= $2,295
Therefore we can conclude that the amount after 2 years is $2,295.
Learn more: brainly.com/question/18051939
Answer:
15°,105°,195°,285°
Step-by-step explanation:
\frac{2 tan ~x}{1-tan^2 x} =\frac{1}{\sqrt{3} } \\tan ~2x=tan~30,tan~210,tan~ (30+360),tan~(210+360)\\2x=30,210,390,570\\x=15^\circ,105^\circ,195^\circ,285^\circ
Answer:
96
Step-by-step explanation:
Formulas for area: Parallelogram= Base * Height
Triangle= Base * Height / 2
1st triangle to the left: 8*6=48/2=24
2nd triangle to the right:
<u>1st step: </u>6²+b²=10²
36-36+b²=100-36
√b²=√64²
b=8
2nd step: 6*8=48/2=24
only parallelogram:
6*8=48
Final step: 24+24+48=96
Answer:
Real interest rate = -1%
Step-by-step explanation:
Real interest rate=Nominal interest rate - inflation rate
From the above,
Nominal interest rate=1%
Inflation rate=2%
Real interest rate=Nominal interest rate - inflation rate
=1% - 2%
= -1%
Real interest rate = -1%
Real interest rate shows you what it really costs borrowers to pay back their loans.
if the real interest rate is greater than zero, the amount you pay back is worth more in real terms than the money you borrowed.
if the real interest rate is below zero as in the above case, the amount you will pay back is less worth in real terms than the money you borrowed.
Answer:
17%
Step-by-step explanation: the possibility of rolling any of these numbers is 1/6.. the percentage for that is 16.666% and rounded to the nearest whole number makes the answer 17
