Even though the money is required 2 years from now, the first deposit is made only a year from now, therefore in the bank for only one year.
The second deposit will be in the bank the same day it will be taken out, so no interest whatsoever.
Thus future value
= 8200(1.062)+8200
=$16908.40
will be available assuming compounding annually.
Answer:
Discount rate=33%
Step-by-step explanation:
Step 1
Determine the discounted amount as shown;
A=I-F
where;
A=discounted amount
I=initial price/original price
F=final price after discount
In our case;
A=unknown
I=$75
F=$50
replacing;
A=(75-50)=25
The discounted amount=$25
Step 2
Determine the discount rate using the formula;
Discount rate=(discount amount/original amount)×100
Discount rate=(25/75)×100=33.33%
Discount rate=33%
Answer:
A, AA similarity
Step-by-step explanation:
the first similar angle is from the vertical angles and there are 2 more because the end sides are parallel and when they intersect with the same line it will make it have the same degree. It may look SAS but the figure may not be drawn to scale and there is no proof for it.
0.1005454 + 0.0545454 = <span>0.1545454</span>
