Answer:
Step-by-step explanation:
Answer:
-1.5
Step-by-step explanation:
Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
![A(t)=P\mleft(1+\frac{r}{k}\mright)^{tk}](https://tex.z-dn.net/?f=A%28t%29%3DP%5Cmleft%281%2B%5Cfrac%7Br%7D%7Bk%7D%5Cmright%29%5E%7Btk%7D)
Substitute the values defined above:
![A(t)=8000\mleft(1+\frac{0.165}{12}\mright)^{12\times7}](https://tex.z-dn.net/?f=A%28t%29%3D8000%5Cmleft%281%2B%5Cfrac%7B0.165%7D%7B12%7D%5Cmright%29%5E%7B12%5Ctimes7%7D)
Finally, simplify and round to the nearest cent.
![\begin{gathered} A(t)=8000(1+0.01375)^{84} \\ =8000(1.01375)^{84} \\ =\$25,193.17 \end{gathered}](https://tex.z-dn.net/?f=%5Cbegin%7Bgathered%7D%20A%28t%29%3D8000%281%2B0.01375%29%5E%7B84%7D%20%5C%5C%20%3D8000%281.01375%29%5E%7B84%7D%20%5C%5C%20%3D%5C%2425%2C193.17%20%5Cend%7Bgathered%7D)
After 7 years, Felipe will owe $25,193.17.
Option C
Math teacher would need to buy 130 prizes
<em><u>Solution:</u></em>
Given that,
Math teacher currently has 109 students and the box has 88 prizes in it
The math teacher likes to keep at least twice as many prizes in the box as she has students
So, she wants the number of prizes to be twice the number of students
Therefore,
number of prizes = 2 x 109 students
number of prizes = 2 x 109 = 218 prizes
The box has 88 prizes in it
Therefore, number of prizes she would need to buy is:
⇒ 218 - 88 = 130
Thus she would need to buy 130 prizes
Answer:
140
Step-by-step explanation:
180 - 40 = 140