Which country has the largest gross domestic product of all the industrial nations? A) United States B) Japan
2 answers:
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Answer:
a)
b) The balance after 8 years will be of $29,069.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
a)
Loan of $17,500 means that
6.4% interest rate means that
Compounded monthly means that . So
b)
This is A(8). Then
The balance after 8 years will be of $29,069.
<em>The answer is 10:7, 10/7, 10 to 7. Whichever it's asking for. As long as you know the ratio is 10 rock songs to 7 country songs.
</em><em /><u>
</u><em />This problem can be a simple fraction simplification problem. Here's what I mean:
<em>
</em><em />So, we have 40 rock songs and 28 country songs. Let's put that into a fraction:
<em>
</em>
<em>
</em>To simplify this as much as possible, all we have to do is find the greatest common multiple and divide it by both numbers. the GCF is 4, so all you have to do is divide 40 by 4 and 28 by 4 to get your ratios.
<em>
I hope this helped!!
</em>
</em><em /><u>
</u><em />This problem can be a simple fraction simplification problem. Here's what I mean:
<em>
</em><em />So, we have 40 rock songs and 28 country songs. Let's put that into a fraction:
<em>
</em>
<em>
</em>To simplify this as much as possible, all we have to do is find the greatest common multiple and divide it by both numbers. the GCF is 4, so all you have to do is divide 40 by 4 and 28 by 4 to get your ratios.
<em>
I hope this helped!!
</em>