Answer:
$103968.11
Step-by-step explanation:
Given information:
Principal amount = $240,000
Rate of interest = 1.2% = 0.012
Number of years = 30
Number of times in an year = 24
Formula for amount:
where
P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.
Now,
Hence, the interest is $103968.11.
Answer:
what do you mean
Step-by-step explanation:
what do you mean
Answer:
3.43%
Step-by-step explanation:
362-350=12
12:350*100 =
(12*100):350 =
1200:350 = 3.43
If the probability of spinning an A once is 1/12, then the probability of spinning an A 3 times is 3 × 1/12.
3 × 1/12 = 3/36
Simplify
3/36 = 1/12
Answer:
Value of the car is decreasing by 13.9% each year.
Step-by-step explanation:
This equation tells us V(t) is the value of the car after a certain time in years, $21,000 is the initial value of the car. What we need to focus on is on the 0.861 part of this equation. This means that the price of the car is worth 0.861 or 86.1% of what it was worth the year prior, this means that the price of the car is decreasing over time. By how much is it decreasing? Well if we consider 1 to mean 100% (since 100 / 100 =1) then we have 100%-86.1%=13.9%. This means that the value of the car is decreasing 13.9% each year.
