Answer:
yes :)
Step-by-step explanation:
The major thing that differentiate microeconomics from macroeconomics is the object of study. Microeconomics refers to the study of economics at individual, group or business level while macroeconomics involves the study of economics on the national scale, that is the study of the economy of a nation. The economics of a nation is the combination of all the individuals, businesses, households, etc in a country.
Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Answer:
P earned $ 718.85.
Step-by-step explanation:
Given that P borrowed $ 16000 from a person at 12% per annum simple interest and lent the whole amount to Q at the same rate of annually compound interest, to determine how much did he gain after 3 years the following calculation must be performed:
16,000 x 0.12 x 3 = X
1,920 x 3 = X
5,760 = X
16,000 x (1 + 0.12 / 1) ^ 3 = X
16,000 x 1.12 ^ 3 = X
16,000 x 1.404928 = X
22,478.85 = X
22,478.85 - 16,000 = 6,478.85
6,478.85 - 5,760 = X
718.85 = X
Therefore, P earned $ 718.85.
Answer:
no solution
Step-by-step explanation:
2w + 7 = 2(w + 5) - 8
Distribute
2w+7 = 2w+10-8
Combine like terms
2w+7 = 2w+2
Subtract 2w from each side
7 = 2
This is never true so there is no solution
