F incenter hope this helps
Answer:
the future value is $5800.38
Step-by-step explanation:
Given that
The invested amount i.e present value is $500
The rate is 5 % per year so quarterly rate is 5% ÷ 4 = 1.25%
The time period is 3 per year so for quartely it is 3 × 4 = 12
We need to find out the future value
So as we know that
Future value = Present value × (1 + rate of interest)^time
= $500 × (1 + 0.0125)^12
= $580.38
hence, the future value is $5800.38
Answer:
- D) all non-negative integers
Step-by-step explanation:
The function f(x) = 10x + 50 models the total amount he has saved after 'x' months.
The domain is x-values, which is the number of the months.
x can only be zero or positive integers (since you can save after the month is complete), therefore the last option is correct.
66 square inches
Area of rectangle plus area of triangle
Answer:
$5520
Step-by-step explanation:
Given data
Principal= $24000
Rate=10%
time= 2 years
Firstly, the compound interest is given as
A=P(1+r)^t
A=24000(1+0.1)^2
A=24000(1.1)^2
A=24000*1.21
A=$29040
The simple interest is given as
A=P(1+rt)
A=24000(1+0.1*2)
A=24000(1.2)^2
A=24000*1.44
A=$34560
Hence the difference is
=34560-29040
=$5520
