I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
Answer:
Yes
Step-by-step explanation:
X is just an unknown variable which can be substituted as another variating condition. I.E Function of x can be written as Function of a. If no other condition is present.
The different ways that they can vote is given as 16 different ways.
<h3>How to calculate the ways that they can vote</h3>
The question say that there are a total of 4 members of the board. Out of these 4, we have the choices as yes or a no.
This tells us that each person only has 2 choices of what they want.
Hence given that the board members ar 4, we would have 2⁴
= 2 * 2 * 2 * 2
= 16
Hence the different ways that they can all vote is 16.
Read more on permutations and combinations here:
brainly.com/question/4658834
SPJ1
