Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.
Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Answer:
A=5
Step-by-step explanation:frac{15s}{15}=frac{75}{15}
divide both sides by 15
Answer:
principal (p)=$35000
time(t)=8years
rate ( r)=7%
Step-by-step explanation:
- compounded amount(c.a)=p((1+r/100)^t )=$35000((1+7/100)^8)=$60136.5
- compound interest gain=$60136.5-$35000=$25136.5
- Karl gain interest in 1 year=$35000((1+7/100)-1)=$2450
- gain % in 1 year=$2450/$25136.5×100%=9.74%
80 inches in standard notation using feet and inches would be expressed as 6 ft 8 inches by converting inches into feet and inches.
The solution to the given problem is to use some standard conversion units that are:
Solution:
As mentioned above that one inch is equal to 0.8333 foot therefore
1 foot = 12 inches
then,
80 inches would be equal to
= 
ft
= 
ft
= 6ft 8 inches
= 6' 8"
Thus, 80 inches in standard notation using feet and inches would be expressed as 6 ft 8 inches by converting inches into feet and inches.
Learn more:
brainly.com/question/884268
Answer:
y=6/5x-8
Step-by-step explanation:
Hi there!
We want to find the equation of the line that passes through (5, -2) and has the slope of 6/5
We can write the equation of the line in slope-intercept form, which is y=mx+b, where m is the slope and b is the y intercept.
Since we are already given the slope of the line, we can immediately plug it into the equation:
y=6/5x+b
Now we need to find b
Since the equation passes through the point (5, -2), we can use it to solve for b
Substitute 5 as x and -2 as y:
-2=6/5(5)+b
Multiply
-2=6+b
Subtract 6 from both sides
-8=b
Substitute -8 as b.
y=6/5x-8
Hope this helps!
