Answer: A
Compound interest simply defined as the interest added at regular interval. Compound interested can be calculated using
Compound interest = P (1+) ^nt and Pe ^rt
P = Initial balance
r = Annual interest rate
n = Number of times the interest is compounded per year
t =Number of year money is invested
Using
Compound interest = P (1+ ) ^nt
Continuous
P= $ 8000
t = 6
r = 6.25%
=
= 0.0625
n = 1
Compound interest = 8000 (1+) ^1×6
= 8000 (1 + 0.0625) ^6
= 8000 (1.0625) ^ 6
= 8000× 1.4387
= $11,509.6
Semi- annually
P= $ 8000
t = 6
r = 6.3%
=
= 0.063
n = 2
Compound interest = 8000 (1+) ^2×6
= 8000 (1 + 0.063) ^12
= 8000 (1.063) ^12
= 8000× 1.4509
= $11,607.0
Investing $ 8000 semi-annually at 6.3% for 6 years yields greater return
Therefore the answer is (A)
For this question, you need to find the price per unit. The unit in this case is a note, so we are looking for the price of each individual note in the package. The way we find this is by taking the price divided by the number of notes So package one would come out to be (9/18) or .50 dollars per note. Package two would come out to be (12/16) or .75 dollars per not. Package three would be (4/10) or .40 dollars per note. Your answer would simply the one with the lowest price per note, and in this case would be package three
6 ÷ 3/4 = 6/1 ×4/3 = 24/3= 8... 8 sweet potatoe pies
Answer:
<h2>y = 6x + 2</h2>
Step-by-step explanation:
The slope-intercept form of an equation of a line:
<em>m</em><em> - slope</em>
<em>b</em><em> - y-intercept</em>
<em />
We have the slope <em>m = 6</em>, and the y-intercept <em>b = 2</em>.
Substitute:
