6/11 or about 55%
To put into a fraction the total is the denominator and the 6 would be the numerator as it is the real diamond then divide the numerator by the denominator move your decimal two places round as needed
Answer:
(1) $11955.38
(2) $12228.62
(3) $12293.527
(4) $12326.6
Step-by-step explanation:
Compound interest is given by
A= P( 1 + r/n)^n*t
A= Final amount
P = initial amount = 6000
r = interest rate = 9% = 0.09
n = number of times interest applied per time period
t = number of time periods elapsed
(1) Compounded annually
n = 1 , t = 8
A = 6000( 1+ 0.09/1) ^1*8
A = 6000( 1.09) ^8 = $11955.38
(2) compounded quarterly
n = 4 , t = 8
A = 6000( 1+ 0.09/4) ^4*8
= 6000( 1.0225)^32 = $12228.62
(3) compounded monthly
n = 12 , t = 8
A = 6000( 1+0.09/12)^12*8 = $12293.527
(4) compounded continuously
A = P* e^rt
r = 0.09 , t = 8
= 6000* e^0.09*8
= 6000* e^0.72 = $12326.6
Answer:the value drops 100$ every 3 years
Step-by-step explanation:
moves down 100 every three years
(B) 8 less than the product of 3 and n
Here, we are given an equation 3n - 8
Let us consider each of the options one by one
(A) the product of 3, n and 8 will be written as 24n. Hence this isn't the correct answer.
(B) 8 less than the product of 3 and n will be written as 3n - 8. This matches our equation and hence is the correct answer.
(C) n minus 8 times 3 will be written as 24 - n. Hence, this is also incorrect.
(D) 3 times n less than 8 will be written as 8 - 3n. Thus, this is also eliminated.
Therefore, option B is the correct answer.
Learn more about expressing equations here-
brainly.com/question/4344214
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