9514 1404 393
Answer:
$20.01
Step-by-step explanation:
In 2004–2012, the interest rate is 0.002%. In 2013, it is 0.004%. In 2014–2021, the interest rate is 0.002%. That is, in the 18 years between 2004 and 2021 (inclusive), the interest rate is 0.002% for 17 of them. The effective account multiplier is ...
(1.00002^17)(1.00004^1) = 1.00038006801
Then the account balance is ...
$20 × 1.00038006801 ≈ $20.01
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<em>Additional comment</em>
The annual interest earned on $20.00 is $0.0004. If the account balance is rounded to the nearest cent annually, at the end of the 18 years, the balance will still be $20.00. Not enough interest is earned in one year to increase the balance above $20. At the end of the 18 years, the amount of interest earned is 0.76¢ (a fraction of a penny) <em>only if there is no rounding in intervening years</em>.
Answer: 3/8ths
Step-by-step explanation: 1/8+1/8+1/8=3/8
Answer:The number of dollars that he will receive if he exchanged 42.7 pesos is $2.3058
Step-by-step explanation:
The current exchange rate is
1 peso = 0.054 dollars.
After a trip to Mexico, Jose converted all his pesos back to dollars. The number of dollars that he will receive if he exchanged 42.7 pesos would be 42.7×0.054 = $2.3058
Answer:
(2, -4.5)
Step-by-step explanation:
Used midpoint formula
