5 pieces of wood because if you put 1 9/16 as an improper fraction you get 25/16 then you do 25/5 and get 5 pieces of wood
Invested amount (P) = $300.
Time in years (t) = 2 years.
Balance after 2 years (A) = $329.49.
Let us assume rate of interest = r % compounds annually.
We know, formula for compound interest
Plugging values in formula, we get
Taking square root on both sides, we get
r=0.048.
Converting it into percentage by multiplying by 100.
r=0.048 × 100
r = 4.8 %
Therefore, the rate of interest on the account is 4.8% compounds annually.
Answer:
Monthly Payment = 214
Step-by-step explanation:
Since there are 12 months in a year, divide the total amount (2568) by the amount of months in a year to divide the payments equally over each month.
2568 ÷ 12 = 214
Answer:
C. 6.4 percent.
Step-by-step explanation:
Given,
Labor force = 125 million,
The number of employed workers = 117 million,
So, the number of unemployed workers = Labor force - employed workers
= 125 million - 117 million
= 8 million,
Hence, the unemployment rate =
= 6.4%
OPTION C is correct.