(8.4*10^8) + (4.2*10^7)
= 882,000,000
= 8.82*10^8
Hope it helped :)
Answer:
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Step-by-step explanation: brainliest plz
Answer:
We conclude that its value change for 277.8$.
Step-by-step explanation:
We know that a perpetuity pays $50 per year and interest rates are 9 percent. We calculate how much would its value change if interest rates decreased to 6 percent. We know that
9%=0.09
6%=0.06
We get
\frac{50}{0.09}=555.5
\frac{50}{0.06}=833.3
Therefore, we get 833.3-555.5=277.8
We conclude that its value change for 277.8$.
