Answer: 1/5
Step-by-step explanation:
Answer:
$103968.11
Step-by-step explanation:
Given information:
Principal amount = $240,000
Rate of interest = 1.2% = 0.012
Number of years = 30
Number of times in an year = 24
Formula for amount:
where
P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.
Now,
Hence, the interest is $103968.11.
Answer:
Domain : all real numbers
Step-by-step explanation:
The domain is the input values
What values can x be?
X can be any real number
Domain : all real numbers
Answer:
$2,753.79
Step-by-step explanation:
Compound Interest Formula
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $2,000
- r = 3.25% = 0.0325
- n = 1
- t = 10
Substitute the given values into the formula and solve for A:
Therefore, the value of the investment after 10 years will be $2,753.79 to the nearest cent.
Explanation:
250 can be used as a total, with 10 being how much something subtracted multiple times takes away, and 20 being the end result. So, we could make the problem about a lot of things, but I'll go ahead and write the first one that comes to mind.
Answer:
Arata has $250 in his bank account, and plans on buying several CDs. Each one costs $10, and by the end of the trip, there is only $20 left in his account. How many CDs did Arata buy, assuming there was no tax or other additional charges?
