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:
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Step-by-step explanation:
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Answer:
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Step-by-step explanation:
Answer:
The correct option is C. 9 houses could 18 men paint in 6 hours.
Step by step explanation:
Let the number of houses paint by 18 men in 6 hours be x.
One man can paint one house in 12 hours.
The part of house painted by a man in 1 hour is
.
The part of house painted by a man in 6 hour is

The total number of men is 18. Therefore the number of houses painted by 18 men is

Therefore correct option is C. 9 houses could 18 men paint in 6 hours.
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