Answer:
I think difference between values on y-axis should be same. For eg: 100,200,300,400,500......
A = bh/2
30in^2 = (12in)x/2
60in^2 = (12in)x
x = 5in
First, let's convert the nominal interest(r) into effective interest rate(i). The formula is
i = (1 + r/m)^m - 1
where m is the number of quarters in a year (m = 4)
i = (1 + 0.024/4)⁴ -1
i = 0.024217
The model would then be:
Future Worth = $3,000(1 + 0.024217)^t, where t is the number of years
Answer:
A = $560.00
Step-by-step explanation:
I = A - P = $60.00
Formula:
First, converting R percent to r a decimal
r = R/100 = 6%/100 = 0.06 per year.
Solving our equation:
A = 500(1 + (0.06 × 2)) = 560
A = $560.00
The total amount accrued on a principal of $500.00 at a rate of 6% per year for 2 years is $560.00.
Answer:
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hope it helps...
have a great day!!