Answer:
The company's profit in 2007 was 11.088 millions
Step-by-step explanation:
This is a compound interest problem where the initial amount is 8.8 million, the interest rate is 6% and the time period is 4 years and it gets compounded yearly. So we can use the compound interest formula, that is given by:
A = P*(1 + r/n)^(n*t)
Where A is the final amount, P is the initial amount, r is the rate, t is the total amount of time and n is the number of times it gets compounded in one year. We can now use all the values that were given to us to find out the profit of the company.
A = 8.8*(1 + (0.06))^(4) = 8.8*(1.06)^16
A = 8.8*1.26 = 11.088 millions
So the company's profit in 2007 was 11.088 millions
Given:
There exist a proportional relationship between x and y.
To find:
The equation which represents a proportional relationship between x and y.
Solution:
If there exist a proportional relationship between x and y, then
where, k is constant of proportionality.
We know that, proportional relationship passes through the origin because (0,0) satisfy .
For x=0, check which equation has y=0.
In option A, 
.
In option B, 
.
In option C, 
.
In option D, 
Only in option C, we have a equation of the form with 4 as constant of proportionality and it passes through (0,0).
Therefore, the correct option is C.
There are two types of interest: Simple interest and compounding interest:
Simple interest: F = P(1+in)
Compounding interest: F = P(1+i)ⁿ
The compounding interest is always bigger than simple interest for a given amount of n time. The effective interest rate is
Effective interest rate = 1.5%/year * 1 yr/12 months = 0.125% per month
Since there are 12 months in 1 year, n= 12. Then i = 0.125/100 = 0.00125
Difference = Compounded Interest - Simple Interest
Difference = P(1+i)ⁿ - P(1+in) = 1000(1+0.00125)¹² - 1000(1+0.00125*12)
Difference = $0.104
You will only have $0.104 more money than the simple interest.
The answer is A
I know this because Alvin is the one who has the greatest amount of points.
(In golf negative numbers are good and positive are bad)
The simplified version of the fractions as given in the task content can be determined to be; 2/3, 1/8 and 1/4 respectively.
<h3>What is the simplified version of the fractions as given in the task content?</h3>
It follows from the given task content that the fractions as given can be further simplified to their simplest forms.
On this note, since the numerator and denominator in each case, have a greatest common factor, it follows that the simplified forms are as indicated above.
- 6/9 = 2/3
- 2/16 = 1/8
- 10/40 = 1/4
Read more on fractions;
brainly.com/question/17220365
#SPJ1
