Answer:
$1077.283
Step-by-step explanation:
When complete the first year the amount will be:
1000 * 1.015= 1015
1.015 because the rate is added to the initial amount, that is: 100%+1.5% = 1 + 0.015= 1.015
When complete the second year the amount will be the last year amount adding the rate interest:
1015*1.015=1030.225.
To the third year:
1030.225*1.015=1045.678
To the fourth year:
1045.678*1.015=1061.363
To the fifth year:
1061.363*1.015=1077.283
Answer:
The equation listed is linear because 2x is a constant, meaning that it continuously moves in a straight line in one set direction.
Step-by-step explanation:
If it’s 5 times you would multiply 8000 x 5 which is 40,000.
250 shares for $ 12 per share......250 * 12 = 3000
plus the 2% commission......3000(1.02) = 3060...so the commission is $ 60
she then sells her stock (250 shares) for $ 18 a share....
250 * 18 = 4500
plus the 1% commission....4500(1.01) = 4545...so the commission is $ 45
net proceeds is the amount received by the seller after all costs and expenses are deducted...
expenses : 3000 + 60 + 45 = 3105
revenue : 4500
net proceeds = 4500 - 3105 = $ 1395 <==
