Answer: After 1 year: $5,610
After 2 years: $5,722.20
Step-by-step explanation: Use the formula for periodic compounding interest, which is
A = P(1 + r/n)^(nt), where A is the final amount, P is the initial deposit, r is the interest rate as a decimal, n is the number of times the interest is compounded per year, and t is how many years.
Here, P = 5,500, r = 0.02 (that's 2% as a decimal), n = 1,
t = 1 for the first answer, t = 2 for the second answer (1 year, then for 2 years)
Plug the known values in to solve...
For 1 year...
A = 5,500(1 + 0.02/1)^(1*1)
A = 5,500(1.02)^1
A = 5,610
For 2 years...
A = 5,500(1 + 0.02/1)^(1*2)
A = 5,500(1.02)²
A = 5,722.20
Answer: $2025
Step-by-step explanation:
$1.50. x 45= 67.5 items per day. 30 days is 30 x 67.5= $2025
Answer:
46
Step-by-step explanation:
The value 529 is 23·23, so Bert must have had 23 friends bring him 23¢ each.
The way 23¢ can be made with 6 coins is ...
So, Bert collecte 23 × (2 nickels) = 46 nickels.
D + q = 110......d = 110 - q
0.10d + 0.25q = 20.30
0.10(110 - q) + 0.25q = 20.30
11 - 0.10q + 0.25q = 20.30
-0.10q + 0.25q = 20.30 - 11
0.15q = 9.30
q = 9.30/0.15
q = 62 <==== there are 62 quarters
d = 110 - q
d = 110 - 62
d = 48 <==== there are 48 dimes
