The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
x > -6
Step-by-step explanation:
X - 9 > -15
x > -6
The answer is 9. 7 times 9 is 63 and then 63 divided by 3 is 9.
Answer:
The chocolate bar contains 29.2 grams of cocoa.
Step-by-step explanation:
Given that Lucy’s chocolate bar is 54% cocoa and the weight of the chocolate bar is 54 grams.
Hence, the amount of cocoa in the chocolate bar is given by
54% of 54 grams
54% percentage means 54/100 = 0.54
Hence, the amount of cocoa in the chocolate bar is

When rounded to the nearest tenth, 29.16 should be equal to 29.2
Hence, the chocolate bar contains 29.2 grams of cocoa.