Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
Answer:
0.1111... = 0.1 = 1/9
Step-by-step explanation:
0.1111.. Is a repeating decimal which can be written as 0.1 and 1/9
It is important to know that the decimals which have only 1 digit repeating all come from the fractions which are ninths.
Olivia's sample space consists of 36 pairs. Three (3) of them give a total of 10: (4, 6), (5, 5), (6, 4).
The probability of getting a total of 10 is 3/36 = 1/12.
Answer:
Step-by-step explanation:
<h3>AP given</h3>
<h3>To find</h3>
<h3>Solution</h3>
Common difference
<u>Difference of first two</u>
- d = (a -b) - (a + b) = -2b
<u>Difference of second two</u>
<u>Difference of last two</u>
<u>Now comparing d:</u>
- -2b = ab - (a - b)
- ab - a = - 3b
- a(1 - b) = 3b
- a = 3b/(1 - b)
and
- a/b - ab = -2b
- a(1/b - b) = -2b
- a = 2b²/(b² - 1)
<u>Eliminating a:</u>
- 2b²/(b² - 1) = 3b/(1 - b)
- 2b/(b+1) = -3
- 2b = -3b - 3
- 5b = - 3
- b = -3/5
<u>Finding a:</u>
- a = 3b/(1 - b) =
- 3*(-3/5) *1/(1 - (-3/5)) =
- -9/5*5/8 =
- -9/8
<u>So the first term is:</u>
- a + b = -3/5 - 9/8 = -24/40 - 45/40 = - 69/40
<u>Common difference:</u>
<u>The 6th term:</u>
- a₆ = a₁ + 5d =
- -69/40 + 5*6/5 =
- -69/40 + 240/40 =
- 171/40 = 4 11/40
