Answer: M = 2100$
Explanation:
M = P(1 + I)^n
P = 600$, I = 4% = 0.04, n = 10
=> M = 600(1 + 0.04)^10
M = 600(1.04)^10
M = 600(3.5)
M = 2100$
Answer:
The final ballance will be $1300.37.
Step-by-step explanation:
In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:
S = P(1 + r/n)^(n*t)
Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:
S = 975.52*(1 + 0.0725/4)^(4*4)
S = 975.52*(1.018125)^(16)
S = 975.52*1.333
S = 1300.37
The final ballance will be $1300.37.
315% is roughly 0.0382 of 82.53.
On the other hand, 315% of 82.53 is 259.9695 .
First plane: 496x
<span>Second plane: 558( x - 1/2) </span>
<span>Equation: 496x = 558( x - 1/2) </span>
<span>Solving x = 9/2 , or x = 4.5 hours.
Hope this helps.</span>
