The approximate 1-year percent change is 16.14%.
<h3>Percent change</h3>
Using this formula
Percent change=One year earlier closed amount-Closed amount/ Closed amount×100
Let plug in the formula
Percent change= $14,298-$12,311 /$12,311 ×100
Percent change=$1,987/$12,311 ×100
Percent change=16.14%
Inconclusion the approximate 1-year percent change is 16.14%.
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Answer:
a=10w +50
Step-by-step explanation:
a= amount
w= weeks
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3 1 10
------ + --------------- = ----------
3x x +4 7x
1 1 10
------ + ------------ = ----------
x x +4 7x
x + 4 + x 10
------------------ = ----------
x(x +4) 7x
2x + 4 10
------------------ = ----------
x(x +4) 7x
7x(2x + 4) = 10x(x+4)
14x^2 + 28x = 10x^2 + 40x
4x^2 - 12x = 0
4x(x - 3) = 0
4x = 0
x = 0
x - 3 = 0
x = 3
answer x = 0 and x = 3
Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
