<span>The correct answer is: Option (C) $1393.21
Explanation:
At the beginning of the Second year, the total balance would be:
$1200 + ($1200 * 7.75 / 100) = $1293
At the beginning of the Third year, the total balance would be:
$1293 + ($1293 * 7.75 / 100) = $1393.21 (Option C)</span>
Answer:
1. CI = P (1 + 
)^ n - P
CI = A - P
Where P is Principal
R is interest rate
n is number of years
2. a. Semi annually - four times in a year
b. Monthly - two times in a year
c. annually - once in a year
Step-by-step explanation:
1. Money is said to be lent at compound interest , when the interest has become due at certain fixed period say, one year, half year, etc.., is given not paid to money lender, but is added to sum lent . The amount thus obtained become principal for next month and this process repeat until last period .
i.e CI = Final period - Initial period
or CI = A - P
or CI = P(1+ ) ^n - P
2. (a) Semi annually
A = P (1 + 
)^ n × 4
(b) Monthly
A = P (1 + 
) ^ n × 2
(c) Annually
A = P (1 + ) ^ n
Answer:
anything raised to the power of zero= 1
(1+1/4^½)²
(1 + 1/2)²
(3/2)²
9/4
=2.25
Answer:
19.775
Step-by-step explanation:
I assume your asking which number goes the most in depth to find that look for the number that has the most decimal places
To solve, we will need to plug in -5 for x in both instances.
|-5 + 2| / -5 + 2
|-3| / -3
Now, these absolute value bars may be a bit puzzling. What we have to do is take the absolute value of the number inside of the brackets. Meaning, that if the number is negative, we make it positive, and if the number is positive, then it stays positive.
3 / -3
-1
Hope this helps!! :)
