Answer:
Future Value= $112.72
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $100
Number of periods (n)= 2*12= 24 months
Interest rate (i)= 0.06/12= 0.005
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 100*(1.005^24)
FV= $112.72
The Interest Rate, The Time And The Principle Amount
Answer:
ghs 20,000
Step-by-step explanation:
If Boadu and ansah formed a company and agreed that their annual profit will be shared in the ratio of 4:5 respectively, the total ratio will be 4 + 5 = 9
Let Boadu share be x
Let ansah share be y
If at the end of the year ansah received ghs5,000 more than Boadu, then;
y = 5000 + x
Boadu share = 4/9 * (x+y)
x+y is the total amount shared
x = 4/9 * (x+y)
Substitute y = 5000 + x
9x = 4(x+y)
9x = 4x + 4y
9x - 4x = 4y
5x = 4y
5x = 4(5000+x)
5x = 20,000 + 4x
5x-4x = 20,000
x = 20,000
Hence Boadu share is ghs 20,000
Answer:
x = -8
Step-by-step explanation:
Let's put this into numbers: 
x =-6
The first thing you want to do is to multiply both sides by 4:
3x=-24
Next you need to divide by 3:
x=-8
The answer is -8
