Answer:
$38,562.5
Step-by-step explanation
Using the compound interest formula
A = P(1+r/n)^nt
P is the principal = $125,000
r is the rate = 6% = 0.06
time t = 5years
n = 0.25 (quarterly payment)
Substitute
A = 125000(1+0.06/0.25)^5(0.25)
A = 125000(1+ 0.24)^1.25
A = 125000(1.24)^1.25
A = 125000(1.3085)
A = 163,562.5
Hence the interest earned = 163,562.5 - 125000
interest earned = $38,562.5
Answer:
3.5% of 20, (0.035)*20, and 7% of 10
Step-by-step explanation:
Converting the mixed number (3 1/2) to a decimal yields 3.5, so 3.5% of 20 is correct.
3 1/2 is not equal to 3 1/2%, so 3 1/2 * 20 is not correct.
Converting the percentage to a decimal yields .035 which makes .35 too large, so (0.35) * 20 is not correct.
Changing the percentage to a decimal yields .035, so (0.035) * 20 is correct.
If you divide 20 by 2, you get 10, and if you multiply 2 by 3 1/2, you get 7. The 2 remains part of the expression, so it is equal to 3 1/2 of 20.
The final answer for this is 4x^2-25y^2.
