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The accumulated value of an investment if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is $30731.4 $ , $30785.98 $30823.14 , 30841.95
<h3>What is Interest ?</h3>Interest is the amount received by a person as a result of investing certain amount of money for a certain period of time.
It is given that
Principal = $ 25000
Time = 3 years
Interest Rate = 7 %
The amount is given by
Compounded semiannually
n = 2
Compounded Quarterly
n = 4
Compounded Monthly
n =12
Compounded Continuously
P = P₀
Therefore the accumulated value for
compounded Semiannually is
A = $30731.4
Compounded Quarterly
A = $30785.98
Compounded Monthly
A = $30823.14
Compounded Continuously
P = $30841.95
Therefore the accumulated value of an investment if the money is
a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is
$30731.4 $ , $30785.98 $30823.14 , 30841.95
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The radius of ferris wheel is 124 feet
<em><u>Solution:</u></em>
Given that, Sabrina rode on a ferris wheel at the state fair
In one rotation she traveled 778.72 ft
To find: Radius of ferris wheel
The distance traveled in one rotation is equal to circumference of circle
Thus circumference of circle is equal to 778.72 feet
<em><u>The circumference of circle is given as:</u></em>
Where, "r" is the radius and is a constant equal to 3.14
Substituting, C = 778.72
Thus radius of ferris wheel is 124 feet