Answer:
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Step-by-step explanation:
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Answer:
the future value is $5800.38
Step-by-step explanation:
Given that
The invested amount i.e present value is $500
The rate is 5 % per year so quarterly rate is 5% ÷ 4 = 1.25%
The time period is 3 per year so for quartely it is 3 × 4 = 12
We need to find out the future value
So as we know that
Future value = Present value × (1 + rate of interest)^time
= $500 × (1 + 0.0125)^12
= $580.38
hence, the future value is $5800.38
Answer:
$2.64
Step-by-step explanation:
Selling them at 5 cents each ($0.05), he could sell 1 dozen buttons for
12 * $0.05 = $0.60
As he bought them at $0.38 per dozen, the profit per dozen would be
$0.60 - $0.38 = $0.22
As 12 dozen is 1 gross, the profit per gross would be
12 * $0.22 = $2.64
I did where you subtract 4 from both sides then divide 2 from 4 and you get 0.5 as x for your answer but im not sure