Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
A line with undefined slope has an equation x=a.
So, for a line that passes through the point (x,y) = (-3,5) ,
has the equation x= - 3.
Answer:
$7,012.76
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 7/100
r = 0.07 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.07/1)(1)(5)
A = 5,000.00(1 + 0.07)(5)
A = $7,012.76
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $5,000.00 at a rate of 7% per year compounded 1 times per year over 5 years is $7,012.76.
The question already has all the information's that are required for getting to the solution. It is important to minutely look at all the details provided.
Actual price of the item = $14.74
Percentage of sales tax that needs to be added = 4%
Then
Amount of sales tax that needs to be added = (4/100) * 14.74 dollars
= 58.96/100 dollars
= 0.5896 dollars
= 0.59 dollars
Then
The cost of the item including sales tax = (14.74 + 0.59) dollars
= 15.33 dollars
From the above deduction we can easily conclude that the correct option among all the options given in the question is option "B".
1mile=5280 feet that is the correct answer
