We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
Answer:
the answer is B. 99x + 84 ≥ 1,150
Step-by-step explanation:
the total price of the shirts was 84 dollars
the price of the watches was 99 each which is 99x
and it has to be less than 1150 or equal to that amount otherwise she would go over her savings
Answer:
The correct answer is - 72,349.2
Step-by-step explanation:
Given:
selling price = 7234.92
Initial profit = 16%
we know:
selling price = cost price + profit
Solution:
78300 = cp + 16*cp/100
profit = 78300*16/100 = 12528
cost price = 78300 - 12528 = 65772
then the profit on 10%
= 65772*10/100
= 6577.2
the new selling price = 65772+6577.2
= 72,349.2
Answer:
∠ 4
Step-by-step explanation:
range is the values for y: y can be (including) -6 all the way up to (not including) 4
0 is the answer! that is because 62 is also the mean.
