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DiKsa [7]
3 years ago
10

4. Emily ate dinner at Geisha. Her total was $17.50. A 8% sales tax was

Mathematics
1 answer:
Ahat [919]3 years ago
5 0

Answer: $22.68

Step-by-step explanation:

17.50 times 0.08 = 1.40

17.50 + 1.40 = 18.90

Now the tip:

18.90 times .2 = 3.78

18.90 + 3.78 = 22.68

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$7000 is compounded semiannually at a rate of 11% for 21years Find the total amount and round to the nearest cent
photoshop1234 [79]

\text{Given that }\$7000 \text{ is compounded semiannualy at a rate of }11\% \text{ for 21 years}\\
\\
\text{we know that the amount after t year when compounded is given by}\\
\\
A=P\left ( 1+\frac{r}{n} \right )^{nt}\\
\\
\text{here P is the principal amoount, so }P=7000,\\
\\
\text{r is the interest rate, }r=11\%=0.11\\
\\
\text{n is the number of times in a year, here semiannulay, so }n=2,\\
\\
\text{and t is the time, so }t=21\\
\\
\text{so the amount after 21 years is}

A=7000\left ( 1+\frac{0.11}{2} \right )^{2(21)}\\
\\
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So the amount after 21 years is: $66328.68

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