Answer: A = $1503.6
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1000
r = 6% = 6/100 = 0.06
n = 1 because it was compounded once in a year.
t = 7 years
Therefore,.
A = 1000(1 + 0.06/1)^1 × 7
A = 1000(1.06)^7
A = $1503.6
Answer:
C. Portfolio income
Step-by-step explanation:
We are told that Jack wants to earn some extra income. His friends suggest that he invest in bonds and stocks.
Let us know the meaning of our given income types.
Earned income: The income which is paid for work is called earned income such as salary.
Passive income: The income which is the result from cash flow received on a regular basis is called passive income such as dividend income.
Portfolio income: The income that comes from investments, dividends, interest and capital gains is called portfolio income such as stocks, bonds, mutual funds, and annuities.
Business income: The income that comes from any business activity is called business income. It is also an earned income.
Since the income received from bonds and stocks is called portfolio income, therefore, option C is the correct choice.
Let's say the point is (x,y) and it lies in 1st quadrant with both x and y as positive ,
Now let's say that the point is rotated by 270 degrees counter clockwise
It means The point will shift to the 4th quadrant , and we know that in 4th quadrant , the x is positive and y is negative ,
Also , as it is rotated by 270 degrees , the x and y values will interchange
SO there are two steps
1) Change the sign of x
2) Interchange the x and y values , i.e swap , x with y and y with x
7/22 you add the denominators toghether and add the numerators.
Answer:
A.
Step-by-step explanation:
I hope this helps
