Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
Answer:
sorry i did my math wrong its...I think its 84 meters
Answer:
A square has 4 sides of equal length, so if you have been given the length, this is also the breadth.
Therefore, the perimeter is 4 x side length.
For example, imagine a square with side length 3 cm. As all four side lengths are equal, the perimeter would be 4 x 3 cm = 12 cm
I believe the answer is between 90-100.
Hopes this helps
