Recall that
Adding these together, you have
Replace
with
and
with
. You end up with
and so
and
.
P = A(1+i)ⁿ, where:
A= initial value
I = interest in %
n= period of compound investment.
However, if the interest is paid twice a year, that means you have to divide the interest by 2 and the period becomes twice n
P = 875(1+9.5%/2)⁵ˣ²
P = 875(1+4.75%)¹⁰
P =875( 1.0475)¹⁰
P = $1,391.7
Answer:
Height of toy model liberty statue = 3 feet (Approx.)
Step-by-step explanation:
Given:
Height of real liberty statue = 152 feet
Scale factor = 2:101
Find:
Height of toy model liberty statue
Computation:
Scale factor = 2:101
1 feet toy model = 101 / 2 = 50.5 feet
Height of toy model liberty statue = Height of real liberty statue / Scale factor
Height of toy model liberty statue = 152 / 50.5
Height of toy model liberty statue = 3 feet (Approx.)
