Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation

where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation



∵ 
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Answer:
The derivative is

Step-by-step explanation:
The function is given by

Differentiate with respect to x, we get

Answer:
Hence the degrees of freedom are associated with the critical value is 25.
Step-by-step explanation:
Using two independent samples, two population means are
compared to determine if a difference exists, the population standard deviation is equal.
sample size 1 =
= 15 and sample size 2 =
= 12
since, population standard deviations are equal, required degrees of freedom
Answer:
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Step-by-step explanation:
Answer:
Length =40 ft.
width. = 8 ft.
Step-by-step explanation:
If The length is five times the width , then
width = w
length = 5w
Perimeter of Rectangle = 2( l+b)
2(5w+w)= 96
2( 6w) = 96
12 w= 96
w = 96/12
w= 8ft.
length = 5(8)
= 40 ft