Answer:
3 hours 12 minutes and 5.71 seconds
Step-by-step explanation:
If you're looking for the value of z, then the answer should be -5.
Answer:
.73 per pound
Step-by-step explanation:
Take the total cost and divide by the number of pounds
4.38/ 6
.73 per pound
Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
