Find the new amount after decreasing $1200 by 18%
2 answers:
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The average of these numbers is nine tenths, 
, or .9, however you would like to put it.
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{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>
where
We know for our problem that
Lets replace the values in our formula:
We can conclude that the correct answer is <span>$29,299.53</span>
Answer:
12 square inches.
Step-by-step explanation:
Please consider the complete question.
A model ship has a mast that is 7 inches tall. A right triangular sail goes from the top of the mast to 1 inch from the bottom of the mast. The length of the base of the sail is 4 inches. The height of the sail is along the mast. Find the area of the sail.
The sail will form a right triangle with respect to mast, whose height is 6 inches and base is 4 inches as shown in the diagram.
The area of the sail will be equal to area of triangle.
Therefore, the area of the sail is 12 square inches.
