Answer:
(1)
compound amount = 802.5 $
invest earned = 52.5 $
Step-by-step explanation:
total amount = 10000 $
let amount x invested in ventures A and remaining (1000-x) on ventures B
now,
6x/100 +23/400(1000-x ) = 588.75
{24x+23(1000-x)}/400 =588.75
x=235500-230000
x=5500
Amount invested on A = 5500$
Amount invested on B = 4500$
(2)
principle=750$
time= 1 year
effective invest rate = 7%
a) compound amount = p(1+(r/w)^t
=750{1+(7/100)}^1
=802.5$
b) invest earned = 802.5-700 = 52.5$
Answer:
Step-by-step explanation:
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Answer:
0.6845% per week.
Step-by-step explanation:
Simple Interest Calculation A = P(1 + rt)
Solving our equation:
r = (1/730.5)((15000/2500) - 1) = 0.00684463
r = 0.00684463
Converting r decimal to R a percentage
R = 0.00684463 * 100 = 0.6845%/week
Calculating the annual rate
0.6845%/week × 52 weeks/year = 35.594%/year.
The interest rate required to get a total amount, principal plus interest, of $15,000.00 from simple interest on a principal of $2,500.00 over 14.05 years (730.5 weeks) is 0.6845% per week.
Answer:
The final cost is 28249*(1+3.49/100)^5=33534.74
Answer:
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Step-by-step explanation:
where are the options?
