Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer:
20 grams
Step-by-step explanation:
Let x be the total allowance of fat
16 grams is 80% of his total allowance
x * 80% = 16
Change percent to a decimal
x *.8 = 16
Divide each side by .9
.8x/.8 = 16/.8
x = 20
If 4/5 of the total is 48, the total can be found by dividing it by 4 and multiplying it by 5:
48/4 = 12
12*5 = 60.
Step 1: Let's review the information provided to us to answer the problem correctly:
• Option 1: $5.99 for 12 coffees
,
• Option 2: $ 23.99 for 70 coffee
Step 2: Let's calculate the cost of a coffee in each option, as follows:
• Cost of a coffee in Option 1 = 5.99/12 = 0.50 (rounding to the next cent): This means that every cup of coffee costs $ 0.50
• Cost of a coffe in Option 2 = 23.99/70 = 0.34 This means that every cup of coffee costs $ 0.34
Step 3: Now we can decide which is the better deal and why.
The better deal is option ........ because it is cheaper than option..........
You can complete step 3, Kay.
Answer:
£1960
Step-by-step explanation:
Step 1.
2% = 100% ÷ 50
Step 2.
£2000 ÷ 50 = £40
Step 3.
£2000 - £40 = £1960
