Answer:
$12.30
Step-by-step explanation:
6% of $205 =
= 0.06 * $205
= $12.30
Answer: $12.30
+60 two negatives equal a positive
Answer:
Step-by-step explanation:
If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
***
compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.
For given problem:
P=10000
r=.02
n=2
t=6, 12, 18
..
A(6)=10000(1+.02/2)^2*6
A(6)=10000(1.01)^12=11,268.25
A(12)=10000(1.01)^24=12,697.35
A(18)=10000(1.01)^36=14,307.69
Answer: -9 1/4.
Step-by-step explanation:
If the Khans car runs 22 miles per one gallon, then on 5 gallons of gas they can drive 110 miles.
1 gallon = 22 miles
5g x 22m = 110
I hope this helps! If I did something wrong, please correct me!
