You are investing $2,000 fro 3 months and the APR is 4% so you will get one quarter of the APR for a year. For the year 4% interest is $2,00 x .04 or $80 for the year. # months is 1/4 of a year so divide $80 by 4 to get the interest fro 3 months which is 20 so the answer is B.
The cost price of the product will be 25000.
<h3>How to calculate the price?</h3>
From the information given, the cost price is 25000. The loss is 10%. This will be:
= 25000 - (10% × 25000)
= 25000 - 2500
= 22500
The tax is 13%. This will be:
= 22500 + (13% × 22500)
= 22500 + 2925
= 25425
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It depends on the terms of the account.
If interest is compounded annually, 650*1.06^5 ≈ 869.85 . . . . dollars.
If interest is compounded quarterly, 650*1.015^20 ≈ 875.46 . . dollars.
If interest is compounded monthly, 650*1.005^60 ≈ 876.75 . . .dollars.
9514 1404 393
Answer:
2 3/4 years
Step-by-step explanation:
The interest is given by the formula ...
I = Prt . . . . . . principal P at annual rate r for t years
Solving for t gives ...
t = I/(Pr)
t = 4167.90/(16840×0.09) = 2.75
The duration of the loan is 2 3/4 years.
Sam has the probability of 0 because hes only using 1 cube with 1 number on each side.
