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
Learn more about Interest here:
brainly.com/question/21104975
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Answer:
A: y = -2x + 2
B: 1100
Step-by-step explanation:
Answer: IX - 4I ≤ 4
Step-by-step explanation:
In the numer line we can see that our possible values of x are in the range:
0 ≤ x ≤ 8
And we want to find an absolute value equation such that this set is the set of possible solutions.
An example can be:
IX - 4I ≤ 4
To construct this, we first find the midpoint M of our set, in this case is 4.
Then we write:
Ix - MI ≤ IMI
Notice that i am using the minor and equal sign, this is because the black dots means that the values x = 0 and x = 8 are included, if the dots were empty dots, it would be an open set and we should use the < > signs.
if u look at it and and which ones have more then u will get ur answer
