Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:
</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Answer:
answer a
Step-by-step explanation:
< 
- Let's isolate
on one side of the equation. Ignore the inequality for now. We'll deal with that later.
- Now, I'm going to bring back the inequality or < symbol. I only removed it when simplifying and isolating , but if this confuses you, just do your math and keep the inequality there.
< 
- On a number line, this would include every number <em>less than </em>, due to the < (less than) symbol. This disqualifies answers b and d because they are showing every number <em>greater than </em>. But, how do we decide between answers a and c?
- If a line has point at its beginning, , then that means that every number <em>less than or equal to</em> [ ≤ ] 6 is being shown, but our equation just says <em>less than </em>[ < ] 6, so answer a is our correct answer.
Answer:
-6
Step-by-step explanation:
Answer:
true
Step-by-step explanation:
Suppose the original price to be x.
62%x=296.4
Divide both sides by 62% to get x=478, which is the original price.
