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)
To calculate the area just multiply all the sides together so it's 5x3x6 and the answer is 90
Answer:
Martina 29, Scott 23 and Jim 69.
Step-by-step explanation:
We are told that:
Martina served six more X orders than Scott (X+6).
So, Scott served X orders.
And Jim served 3 times X order as Scott.
We will have then:
X + (X+6) + 3X = 121
5X + 6 = 121
5X = 121 - 6
5X = 115
X = 115/5
X = 23
So, Scott served 23 orders, Martina 29 and Jim 69.
Answer:b
Step-by-step explanation:you welcome and thank you
Answer:
the answer is 5,90
Step-by-step explanation:
