Answer:
Step-by-step explanation:
If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
***
compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.
For given problem:
P=10000
r=.02
n=2
t=6, 12, 18
..
A(6)=10000(1+.02/2)^2*6
A(6)=10000(1.01)^12=11,268.25
A(12)=10000(1.01)^24=12,697.35
A(18)=10000(1.01)^36=14,307.69
Answer:
$34.50
Step-by-step explanation:
First, how many 3/4 lbs are in 7.5 lbs?
7.5 lbs = 15/2 lbs.
(15/2) / (3/4) = 10
There are 10 "3/4" lbs in 7.5 lbs.
So, if it costs $3.45 to purchase 3/4 lbs of chopped walnuts, it would cost $3.45 times 10 dollars to purchase 7.5 lbs of chopped walnuts, or $34.50.
Let me know if this helps!
we are given
In a particularly sunny month, Solaire's solar panels generated 110 percent as much power as expected.
so, we need to change percent into fraction to get our value
we can write
110%=
now, we can simplify it
and we get
110%=
so,
Solaire's solar panels generate of the expected amount of power.............Answer
