The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
part to whole !
Step-by-step explanation:
24 is the total number of kids in her class, and the 15 is the PART of the Whole number of kids in her class that are girls. hope this helps, please mark me brainliest thanks !
They are both found by adding all the sides
So, our starting point, at zero hours, you already owe ten dollars.
So far you know it is +10.
Now, you multiply for by however many hours you have rented the bike for.
So the equation is:
4x+10.
x= # of hours bike is rented for.
Hope this helps! Have a happy holiday!
Answer:
a) 3.375 cents
b) 26 Apples
Step-by-step explanation:
a) Each apple costs .1875 cents, multiply .1875 by 18 to get the cost of 18 apples
b) divide 5 by .1875 to get your 26.6666667 Apples, which would round down because you can't have .6666667 of an apple
