Answer:
Step-by-step explanation:
<u>Decrease in number:</u>
<u>Percent decrease:</u>
- 2/12*100% = 16.67% rounded
Answer: options two and three
Step-by-step explanation: have a great day!
Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Step 1: Convert the denominators to the same number.
1/9 = 2/18
2/3 = 12/18
5/18
Step 2: Add the numerators.
12 + 2 + 5 = 19
Step 3: Convert to mixed number.
19/18 = 1 1/18
Hope this helps! :)
