1. No.
2. No.
3. Yes.
4. No.
Answer:
2
Step-by-step explanation:
A = P( 1+r/n) ^ (nt)
P is the amount invested
r is the rate
n is the number of times per year the interest is compounded
t is the number of years
every 6 months is twice a year
so n is 2
The total price for the gallons of paint will be 35.75p
The total price for the rollers will be 6r
So the equation if the customer have 190 will be
price for gallons of paint + price for rollers = 190
35.75p + 6r = 190
<em>(This is the equation)</em>
My initial answer was $2750.45, and I will show you my calculations.
Calc : 6774.5 ÷ 100 = 67.745
67.745 × 2.7 = 182.9115
182.9115 × 22 = 4024.053
6774.5 - 4024.053 = 2750.45
= $2750.45
At first I thought this was correct, but after studying my answer I realise that the amount of interest would rise as the amount of money went up, therefore my calculations are very wrong. If I work out the answer, I will get back to you, but the calculation is more complicated than I first predicted
