Answer:
8
Step-by-step explanation:
1 2 3 4 5 6 7 8 quick math
The formula of the present value of annuity due:
![PV=C*[\frac{1-(1+i)^{-n}}{i}]*(1+i)](https://tex.z-dn.net/?f=PV%3DC%2A%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D%2A%281%2Bi%29)
For your case:
C = $3000
i = 12% / 100 = 0.12
n = 3 * 2 = 6 (semiannually for 3 years means 6 payments)
So, the solution is:
![PV=3000*[\frac{1-(1+0.12)^{-6}}{0.12}]*(1+0.12)=3000*[\frac{1-0.5066}{0.12}]*1.12=](https://tex.z-dn.net/?f=PV%3D3000%2A%5B%5Cfrac%7B1-%281%2B0.12%29%5E%7B-6%7D%7D%7B0.12%7D%5D%2A%281%2B0.12%29%3D3000%2A%5B%5Cfrac%7B1-0.5066%7D%7B0.12%7D%5D%2A1.12%3D)
Answer: On the 29th day
Step-by-step explanation:
According to this problem, no lilypad dies and the lilypads always reproduce, so we can apply the following reasoning.
On the first day there is only 1 lilypad in the pond. On the second day, the lilypad from the first reproduces, so there are 2 lilypads. On day 3, the 2 lilypads from the second day reproduce, so there are 2×2=4 lilypads. Similarly, on day 4 there are 8 lilypads. Following this pattern, on day 30 there are 2×N lilypads, where N is the number of lilypads on day 29.
The pond is full on the 30th day, when there are 2×N lilypads, so it is half-full when it has N lilypads, that is, on the 29th day. Actually, there are
lilypads on the 30th, and
lilypads on the 29th. This can be deduced multiplying succesively by 2.
Answer: There will be $ 1687.02 in the account after 7 years.
Step-by-step explanation:
Formula to find the accumulated amount (A) in account on principal amount (P) with rate of interest (r) in 't' years is given by :-

As per given, P = $1400
r= 2.7% = 0.027
t= 7 years
Then,

Hence, there will be $ 1687.02 in the account after 7 years.
Answer:
132=11x12
Step-by-step explanation: