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Orlov [11]
3 years ago
6

Find the future value of $3000 invested at 6% p.a interest compounded half-yearly for 4 years

Mathematics
1 answer:
alekssr [168]3 years ago
6 0

Answer:

F=$3810

Step-by-step explanation:

F=P(1+i)^{n}

F= future value

P= present value

i = interest

n= number of times money compounded

P=$3000 i=6%   n = 2 X 4= 8

As this is semiannual so 6%/2=3%

F=P(1+0.03)^{8}

F=3000(1.03)^{8}

F=3000(1.267)

F=3810

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5 0
3 years ago
The graph below shows the distance, y, in miles, of a bird from its nest for a certain amount of time, x, in minutes:
Montano1993 [528]

Answer:

0.2 miles per minute represents the speed of the bird and 3 miles represents the original distance of the bird from its nest.

Step-by-step explanation:

As there is no graph mentioned here but the information are quite sufficient to answer the question.

We have points (0,3), (5,4),(10,5)...

From these points we can find the slope of the line .

From point slope formula y-y_1=m(x-x_1)

And assigning (x,y) (0,3) and (x_1,y_1) (5,4)

m=\frac{y_1-y}{x_1-x} =\frac{4-3}{5-0} =\frac{1}{5}=0.2

This slope is also the speed of the bird which is 0.2\ miles\ per\ minute.

As by plugging the values of any coordinate point we can confirm this.

Lets put (10,5), y-axis is the distance so in 10 minutes the the distance covered by the bird must be equal to to y-axis value which is 5 miles.

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7 0
3 years ago
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3 years ago
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Answer:

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6 0
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Andrej [43]

Answer:

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Step-by-step explanation:

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3 years ago
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