since we are trying to find how many minutes have passed we first need to find how much substance was used during the time. we can do that by subtracting the leftover substance from the amount we started with.

666-562 = 104

Now that we know how much substance was used we can then use our conversion rate (13 per minute) and find how many minutes have passed by dividing.

104 / 13 = 8

4 0

3 years ago

brenda savings account principal 850, 5.5% annual interest rate and is compounded quarterly for 1 year. what is the compound int

Sedbober [7]

A = $ 861.69

Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5.5%/100 = 0.055 per year,
putting time into years for simplicity,
1 quarters ÷ 4 quarters/year = 0.25 years,
then, solving our equation

A = 850(1 + (0.055 × 0.25)) = 861.6875
A = $ 861.69

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 850.00
at a rate of 5.5% per year
for 0.25 years (1 quarters) is $ 861.69.

3 0

3 years ago