What is 18.75 divided by 8?
2 answers:
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If $11,000 is invested, $33,000 is the value of the investment at the end of 25 years if the interest is 8% simple interest and $75,333.23 is the value of the investment at the end of 25 years if the interest is 8% compounded annually. This can be obtained by using formulas for simple interest and compound interest.
<h3>What is the formulas of simple interest and compound interest?</h3>- Simple interest
A = P(1 +Rt/100) , P = principle amount ,R = rate of interest, t = time(in years)
- Compound interest (annually)
A = P(1 + R/100)^t , P = principal amount, R = rate of interest, t = time(in years)
<h3>What is the value of investment?</h3>
Given that,
P = $11,000 , R = 8%, t = 25 years
- 8% simple interest
A = P(1 +Rt/100) = = $33,000
- 8% compounded annually
A = P(1 + R/100)^t = =
= $75,333.23
Hence If $11,000 is invested, $33,000 is the value of the investment at the end of 25 years if the interest is 8% simple interest and $75,333.23 is the value of the investment at the end of 25 years if the interest is 8% compounded annually.
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Question: If $11,000 is invested in an account for 25 years. Find the value of the investment at the end of 25 years if the interest is:
(a) 8% simple interest
(b) 8% compounded annually
The answer is 9.
To calculate this, we will use Galileo's square cube law, used to describe the change of the area or the volume of the shape, when their dimensions increase or decrease. The formula used for change of the area is
A₂ - the area after the change,
A₁ - the area before the change,
l₂ - the dimension after the change,
l₁ - the dimension before the change.
It is given:
l₁ = 1 cm
l₂ = 3 cm
Let's use this formula for the mentioned triangle:
Therefore, the area of the triangle was multiplied by 9.
To calculate this, we will use Galileo's square cube law, used to describe the change of the area or the volume of the shape, when their dimensions increase or decrease. The formula used for change of the area is
A₂ - the area after the change,
A₁ - the area before the change,
l₂ - the dimension after the change,
l₁ - the dimension before the change.
It is given:
l₁ = 1 cm
l₂ = 3 cm
Let's use this formula for the mentioned triangle:
Therefore, the area of the triangle was multiplied by 9.
The sweater cost more originally. It costs $2.50 more from jacket.
Step-by-step explanation:
Given,
Discount rate of sweater = 20%
Sale price of sweater = (100-20)% = 80%
Discount rate of jacket = 15%
Sale price of jacket = (100-15)% = 85%
Sale price of each item = $34.00
Let,
x be the original price of sweater.
y be the original price of jacket.
80% of x = 34
Dividing both sides by 0.80
The original price of sweater is $42.50
85% of y = 34
Dividing both sides by 0.85
The original cost of jacket is $40
Difference = 42.50 - 40 = $2.50
The sweater cost more originally. It costs $2.50 more from jacket.
Keywords: subtraction, division
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