For this case we have the following expression:
We apply distributive property, which by definition establishes that:
So:
Answer:
Answer:
8%
Step-by-step explanation:
To find the percent change, we first have to find the amount changed, which is (46000-42500) = 3500. Then, we find what percentage that is of the original amount. Remember that when calculating percentage change, it's important to calculate change with respect to the initial value.
To find the percentage, we can divide 3500 by 42500, and multiply that by 100, resulting in 8 being our nearest whole percent
Answer: c) $30,799.45
Step-by-step explanation:
Assuming there are 52 weeks in a year, the rate and time would be converted to;
Rate = 8%/52 = 8/52%
No. of periods = 9 years * 52 weeks = 468
The amount Mr Mantle would have is;
= 15,000 * ( 1 + 8/52%) ⁴⁶⁸
= $30,799.45276
= $30,799.45
