Answer: $564
Step-by-step explanation:
You invested $500.
The annual rate is 2% and it is compounded quarterly.
You need the account balance after 6 years.
Convert the terms to their correct periodic figures.
Interest = 2%/4 = 0.5% per quarter
Period = 6 * 4 = 24 quarters
Formula for compound interest:
= Investment * ( 1 + rate) ^ time
= 500 * ( 1 + 0.5%)²⁴
= 563.579
= $564
Answer:
smaller x =-1/2
larger x = 7
Step-by-step explanation:
(x-7)(-4x - 2) = 0
Using the zero product property
(x-7)=0 (-4x - 2) = 0
x-7+7 = 0+7 -4x-2-2 =0+2
x=7 -4x =2
-4x/-4 = 2/-4
x = -1/2
Answer: 26%
Step-by-step explanation:
Percent change: (New-Old)/Old times 100; (11.34-9)/9=0.26x100=26
Answer: Yes
Explanation:
120 % = 1.2
If Maxine is correct, then she spent 1.2
times the hours she did homework than last week.
15 ⋅ 1.2 = 18.0 = 18
15 hours ⋅ 1.2 = 18.0 hours = 18 hours
Maxine is correct
