Select the following expressions. I will just list the letter choice:
A, C, D
Answer:
Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one
Step-by-step explanation:
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Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:

Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:

Evaluate. Hence:

The total amount due after five years is $57,000.
Answer:
Mean 6.25
Median 5
Step-by-step explanation:
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C. 2.5 hours
95 miles/x h = 38 miles/h
x = (95 miles/h)/(38 miles) = 2.5 hours