Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Answer:
Step-by-step explanation:
Add up all the values for the height and divide by 9. do the same for the leaf scars.
Answer:
7a
Step-by-step explanation:
Answer:
trapezoid area = ((sum of the bases) ÷ 2) • height
trapezoid area = ((6 + 12) / 2) * height
trapezoid area = 18 / 2 * height
height = 99/9 = 11
Step-by-step explanation:
Answer:
Step-by-step explanation:
<u>The quotient of </u>
- 5/6÷ (-13/7) =
- 5/6×(-7/13) =
- - 35/78
