Answer:
You have to use the formula for compound interest which is: A=P(1+r/n)^nt
The Givens info is:
A=?
P=1000
r= 6% = 0.06 (convert into decimal)
n=12(# of interest periods: since it is monthly n=12)
t=10
Now your formula should look like this:
A= 1000*(1+(0.06/12))^12*10
A=1000*(1.005)^120
A=1000*(1.819396734)
A=$1819.40
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
If 12 pencils are 1.25, 24 would be 2 x 1.25. And 4 notebooks worth 0.65 would be 4 x 0.65
Added up, this expression is:
(2 x 1.25) + (4 x 0.64)
Well 500 mm = 50 cm so if you add both segments together you will get a 50+30=80cm segment
Porsha` s expression:
5,000 ( 1 + 0.0375 ) ^24
A = P * ( 1 + i ) ^n
n = 6 * 4 = 24
i = 0.0375 : 4 = 0.009375
Porsha`s expression is wrong. True expression is:
5,000 * ( 1 + 0.009375 ) ^24
Answer: B ) Porsha`s expression should have 1 + 0.009375 in the parentheses.
