Answer: A
Compound interest simply defined as the interest added at regular interval. Compound interested can be calculated using
Compound interest = P (1+) ^nt and Pe ^rt
P = Initial balance
r = Annual interest rate
n = Number of times the interest is compounded per year
t =Number of year money is invested
Using
Compound interest = P (1+ ) ^nt
Continuous
P= $ 8000
t = 6
r = 6.25%
=
= 0.0625
n = 1
Compound interest = 8000 (1+) ^1×6
= 8000 (1 + 0.0625) ^6
= 8000 (1.0625) ^ 6
= 8000× 1.4387
= $11,509.6
Semi- annually
P= $ 8000
t = 6
r = 6.3%
=
= 0.063
n = 2
Compound interest = 8000 (1+) ^2×6
= 8000 (1 + 0.063) ^12
= 8000 (1.063) ^12
= 8000× 1.4509
= $11,607.0
Investing $ 8000 semi-annually at 6.3% for 6 years yields greater return
Therefore the answer is (A)
2/3(3/8x16). 2/3(6). 4. The answer is 4 :)
9514 1404 393
Answer:
(a) 31.5 in²
Step-by-step explanation:
The area of a rhombus is half the product of the lengths of the diagonals.
A = 1/2(d1)(d2)
A = (1/2)(7 in)(9 in) = 31.5 in²
There are 31.5 in² of space in the rhombus for engraving.
Answer:
Most precise to least precise
- Finding the height of the sun in the sky
- Counting heartbeats
- A calendar
- A stop watch