The interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
What is the formula for simple and compound interest?
Simple interest = (P× r× t)
Compound interest = P(1+r/n)^nt - P
We will find the interest as shown below:
P=$4,000
t=25 years
a) r=7%=0.07
Simple interest = (P× r× t)
= (4000×0.07×25)
= $7000
b) r=7%=0.07
Compound interest = P(1+r)^t - P
= 4000(1+0.07)^25-4000
= $17709.73056
rounding to nearest cents
= $17709.73
c) r=7%=0.07
n=4
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/4)^(25*4)-4000
= $18672.62375
rounding to nearest cent
= $18672.62
d) r=7%=0.07
n=12
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/12)^(25*12)-4000
= $18901.6728
rounding to nearest cent
= $18901.67
Hence, the interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
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Answer:
A
Step-by-step explanation:
you have to times the number number of discs a box holds by the number of boxes
so 5 people work each one for 21 minutes, that means 21+21+21+21+21 minutes altogether, namely 105 minutes, it took that long for 7 walls, hmmmm how long for just one wall then? well, 105 ÷ 7, namely 15 minutes then, for just 1 wall.
now, if it takes 15 minutes of work to do one wall, what about 5 walls? well, that'd be 15*5 or 75 minutes.
so if we have 3 folks working, how much would each one work? well, 75 ÷ 3, namely 25 minutes, so each of them will work 25 minutes, namely 25+25+25 minutes, so in 25 minutes, they'll be done with 5 walls.
I believe it is 1x - 9y + 41