Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:
</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
One yard is 3 feet. So 34 feet would be 11 yards and 1 foot.
Annual interest if someone deposits the money at the local savings account:
I 1 = 5,400 * 0.0149 = $80.46
Annual interest if someone deposits the money in an online savings account:
I 2 = 5,400 * 0.0444 = $239.76
I 2 - I 1 = $159.3
159.3 : 5 = 31.86
Answer:
You can make an ATM withdrawal 32 times in order for the local savings account to be better deal than the online savings account.
The coordinates of point C are (0, 0), while the coordinates of point D are (7, 12).
Applying the formula for the slope, we get
The equation in the slope-intercept form is given by
The domain and range are, respectively, the portion of the x and y axes covered by the part of the graph you're interested in.
So, the x axis is spanned from 0 to 7 (which is the domain), and the y axis is spanned from 0 to 12 (which is the range)
Answer:
25x^17/5x
Step-by-step explanation:
25x^2/2x+6×2/5x
divide
multiply
25x^1x+12/5x
the coefficient of 1 doesn't have to be written
25x^x+12/5x
calculate
25x^17/5x