Answer:
C. But be careful. It depends if you have been told what I was having trouble with.
Step-by-step explanation:
The question is a little unclear. If the actual interest is constant for all situations, the answer is C. The more times you compound, the more interest you will accumulate. Banks don't do it that way. It they compound every three months, then they cut the interest rate by a quarter.
So the interest would look like (1 + 0.022/4)*principle. Whoever made the question has to make clear what is going on. My guess is the intended answer is C.
Answer:
1/56 chance
Step-by-step explanation:
3/8 x 2/7 x 1/6 = 1/56
Answer:
The grinding of the material
Step-by-step explanation:
The annual returns will be calculated as follows:
a] Here we use the formula:
A=p(1+r/100)^n
A=future amount
p=principle
r=returns
n=time
We are given:
A=500, p=400, t=1
Plugging the values in the formula we obtain:
500=400(1+r)^1
simplifying and solving for r:
1.25=1+r
thus
r=1.25-1
r=0.25~25%
b] Using the formula above:
A=p(1+r/100)^n
A=2500+100=2600, p=2000, n=1 year
plugging the values in the equation we obtain:
2600=2000(1+r)^1
simplifying and solving for r we obtain:
2600/2000=1+r
1.3=1+r
hence
r=1.3-1
r=0.3~30%
