Answer:
Step-by-step explanation:
<u>Compound Interest</u>
It's the type of financial calculations that includes the interest of previous periods into the new interests earned by some initial investment or principal P.
If we want to compute the final value FV of a series of n payments R at a fixed compound interest rate i, then
Where
The question provides us the following data
i=10% compounded twice a year
n=3 1/2 years
FV=15,000
We need to convert the number of periods and the interest rate to a semester base:
Let's calculate Fm
Knowing that
Solving for R
Sara should deposit $1,842.30 twice a year to have the down payment for her own restaurant
A=p(1+i/m)^mn
A=3,500×(1+0.0229÷12)^(12×6)
A=4,014.98
Answer:
20
Step-by-step explanation:
In area you have to multiply so 10 x ? = 200
10 x 20 = 200
Answer: C
Step-by-step explanation:
4x + 1 = 9
4x + 1 -1 = 9-1
4x=8
8/4=2
Answer: There is 3.994% continuous growth rate per hour.
Step-by-step explanation:
Since we have given that
Initial bacteria = 2600
After two and a half hours,
Number of bacteria = 2873
We need to find the continuous growth rate per hour.
As we know the equation for continuous growth rate per hour.
Hence, there is 3.994% continuous growth rate per hour.