<span>The amount P as a function of t (in years) is given by
P(t) = P0 (1 + r/n)^(t n)
So if n = 4, and r = 0.02, and P0 = 1000, then
P(t) = 1000 (1 + 0.02/4)^(4 t) = 1000 (1 + 0.005)^(4 t)
At the end of the first quarter, t = 1/4, so
P(1/4) = $1000 (1.005)^(1) = $1005
At the end of the second quarter, t = 1/2 , therefore
P(1/2) = $1000 (1.005)^(2) = $1000 (1.010025) = $1010.03
At the end of the third quarter , t = 3/4, therefore
P(3/4) = $1000 (1.005)^(3) = $1000 (1.015075125) = $1015.08
At the end of the year, t = 4, therefore
P(1) = $1000 (1.005)^4 = $1000 (1.020150500625) = $1020.15
As for the second question, after the first period (quarter),
the formula becomes
P = P0 (1.005)^1 = 1.005 P0
which is choice A. </span>
They paid $720
Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720
Answer:
To find a a fraction of a whole number, you multiply the numerator of the fraction by the given number and then divide the product by the denominator of the fraction
Solved example for finding a fraction of a whole number:
1)
Find 1/3 of 21.
To find 1/3 of 21, we multiply the numerator 1 by the given whole number 21 and then divide the product 21 by the denominator 3.
1/3 × 21 = 1 × 21/3 = 21/3 = 7
So, 1/3 of 21 = 7.
1/3 of 21 is 7
By the looks of this the answer is E
Derek weighs 155
155+220
Answer:
x > 7
Step-by-step explanation:
3x-18 > 3
+18 3x-18 > 3 +18
3x > 21
x > 7
