A personal balance sheet provides an overall snapshot of your wealth at a specific period in time. It is a summary of your assets (what you own), your liabilities (what you owe) and your net worth (assets minus liabilities).
Answer:
Tax: $3.06
Step-by-step explanation:
7% of 43.75 = 0.07 × 43.75 = 3.0625
43.75 increase 7% =
43.75 × (1 + 7%) = 43.75 × (1 + 0.07) = 46.8125
Radio: $43.75
Tax: $3.06
Total: $46.81
Answer:
True!
Step-by-step explanation:
If an object travels at a constant speed, then the distance traveled is directly proportional to the time spent traveling, with the speed being the constant of proportionality. The circumference of a circle is directly proportional to its diameter, with the constant of proportionality equal to π.
Answer:
$12,958
Step-by-step explanation:
The total amount of the account, principal plus interest, is given by ...
A = P(1 +rt)
The given information tells us ...
12,122 = P(1 + .08×2) = 1.16P
Then the principal amount is ...
12,122/1.16 = 10,450
__
When that same amount is invested using a different rate and time period, it becomes ...
A = 10,450(1 + .09×(2 2/3)) = 10,450×1.24 = 12,958
It will amount to $12,958 in 2 years 8 months at 9%.
