Benny went to his local zoo that featured 6 lion exhibits. If these lion exhibits make up 25% of the zoo's exhibits, then how ma
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Answer:
The answer to your question is x = 21
Step-by-step explanation:
Equation
- Multiply both sides by 7
- Simplify
2x = 42
- Divide both sides by 2
- Simplify
x = 21
Answer:
Please check the explanation.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
Total amount = A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
Total amount = A = ?
Using the formula
so substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.