The interest rates required to get a total amount of $2,420 from compound interest on a principal of $2,000 compounded 1 times per year over 2 years is 10% per year.
<h3>What is compound interest?</h3>
The interest on savings that is calculated on both the initial principal and the interest accrued over time is known as compound interest.
The concept of compound interest, also known as "interest on interest," is thought to have first appeared in Italy in the 17th century. It will accelerate the growth of a sum more quickly than simple interest, which is calculated only on the principal sum.
Money is multiplied more quickly through compounding, and the more times it is compounded, the higher the compound interest will be.
Using the formula A = P(1 + r/n)^nt
Solving for rate r as a decimal
r = n[(A/P)^(1/nt) - 1]
r = 1 × [(2,420/2,000)^{1/(1)(2)} - 1]
r = 0.1
Then convert r to R as a percentage
R = r × 100
R = 0.1 × 100
R = 10%/year
Learn more about compound interest
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The measurements are:
b₁ = 8.4 inches; b₂ = 14 inches; leg₁ = 2.8 inches; leg₂ = 2.8 inches
Let x = length of base and leg
The formula for perimeter of isosceles trapezoid is P = b₁ + b₂ + 2(leg)
Where: b = base
P = b₁ + b₂ + 2(leg)
28 = 3x + 5x + 2(x)
28 = 8x + 2x
28/10 = 10x/10
2.8 = x
Now, substitute the values:
P = b₁ + b₂ + 2(leg)
28 = 3(2.8) + 5(2.8) + 2(2.8)
28 = 8.4 + 14 + 5.6
28 = 28
Hence the measurements are:
b₁ = 8.4 inches; b₂ = 14 inches; leg₁ = 2.8 inches; leg₂ = 2.8 inches
Answer:
It's A, c =2.5d
Step-by-step explanation:
When it comes to problems like this, I usually look through the answers and try to plug in the numbers until I get the right equation that fits with the graph.
2.5(5) = 12.5
2.5(10)= 25
2.5(15)= 37.5
2.5(20) = 50
2.5(25) = 62.5
If you compare this to the graph, you'll notice the solutions are the same as the Total Cost (c). That's because c= 2.5d is the right equation for this graph. (Sorry if my explanation is confusing)
Your round it to 300 so the answer is 300
