Round 80417.0858163 to the nearest hundred.
2 answers:
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Answer:
The correct option is B) 26x26x10^4.
Step-by-step explanation:
Consider the provided information.
It is given that the Wisconsin consist of 2 letter and 4 digits. And two letters always precede the digits.
There are 26 Alphabet so that means for alphabets we have 26 choices also we for digits we have 10 choices (0 to 9).
However, only digits can repeat. For first letter we have 26 choices for second we have only 25 choices left, similarly for digits we have 10 choices but repetition is allow so we can choose same number. the number of possible plates are:
26×25×10×10×10×10
Which also can be written as:
Hence, the correct option is B) 26x26x10^4.
Answer:
Step-by-step explanation:
Answer:
a. The amount that is saved at the expiration of the 5 year period is $22,769.20¢
b. The amount of interest is $2,769.20¢
Step-by-step explanation:
Since the amount that is deposited every year for a period of five years is $4,000 and the rate of the interest is 6.5%. We can always calculate the amount that is saved at the expiration of the five years.
We will first state the formula for calculating the future value of annuity:-
Future value of annuity =
Where P is the amount deposited per year.
r is the rate of interest
t is the time or period
and in this case, the actual value of P = $4,000
rate of interest, r is 6.5% = 0.065
time, t is 5 years.
Substituting e, we have:
Fv of annuity =
= 4,000 × [((1.065)^5)- 1/0.065]
= 4,000 × [(1.37 - 1)/0.065]
= 4,000 × (0.37/0.065)
= 4,000 × 5.6923
= $22,769.20¢
a. Therefore the amount that is saved at the end of the five (5) years is $22,769.20¢
b. To find the interest, we will calculate the amount of deposit made during the period of five years and subtract the sum from the current amount that is saved ($22,769.29¢).
Since I deposited 4,000 every year for five years, the total amount of deposit I made at the period =
4,000 × 5 = $20,000
The amount of interest is then = $22,769.20¢ - $20,000 = $2,769.20¢