The 2nd choice down in correct.
Answer:
Step-by-step explanation:
Simple interest rate applies only to the principal amount deposited and not the compounded amount. The formula for simple interest is expressed as
I = PRT/100
Where
I is the interest.
P is the principal or initial amount deposited.
R is the interest rate.
T is the duration in years.
From the information given,
P = $300.00
R = 5 1/4% = 5.25%
T = 6 months = 0.5 years
Therefore,
I = (300×5.25× 0.5)/100 =787.5/100
I = 7.875
The balance in the account at the end of this time will be
300 + 7.875 = $307.875
Answer:
p = 20
Step-by-step explanation:
p - 4
24 -4 = 20
The gross income multiplier (GIM) is the ratio of sale price to annual rental income. Here, you have ...
GIM = $350,000/(12*2*$1400) ≈ 10.4
4.2 +c = 8.1
c = 8.1 -4.2 = 3.9 . . . . subtract 4.2 from both sides
a.) 3.9 liters . . . . . is the appropriate choice
