Answer:
$2191.12
Step-by-step explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
, where,
,
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
Therefore, the bond would be $2191.12 worth in 10 years.
Answer:
The chocolate bar contains 29.2 grams of cocoa.
Step-by-step explanation:
Given that Lucy’s chocolate bar is 54% cocoa and the weight of the chocolate bar is 54 grams.
Hence, the amount of cocoa in the chocolate bar is given by
54% of 54 grams
54% percentage means 54/100 = 0.54
Hence, the amount of cocoa in the chocolate bar is
When rounded to the nearest tenth, 29.16 should be equal to 29.2
Hence, the chocolate bar contains 29.2 grams of cocoa.