Haven’t done this in a while but i’m pretty sure it’s answer C shawty. If you need an explanation i’m happy to give one but yes
Answer C
Answer:
114×10^3
Step-by-step explanation:
57×2000=114,000
Powers of 10 is 10^(#)
114×10^3=114,000
(Trial and Error)
Answer:
54 inches.
Step-by-step explanation:
There is 12 inches in one feet so 12 times 4.5 is 54
(4.5 is equal to 4 1/2
All real numbers is the correct answer.
Principal amount= $3,500.00
Annul interest rate= 3%
Numbers of years= n =20,
compounded semiannually
Solution:
Use the semiannual compounding period to express the effective semiannual rate which is 3%/2 = 1.5% per 6 month period.
Now there are n=2(no. of years) semiannual periods for given cash flow
n=2*20
n=40 semiannual periods
Now,
F=P( F/P,1.5%,40)
F=$3500(1.8140) , (1.8140 is the value get from table at 1.5% interest for n=40)
F=6,349.00 is the amount in bank after 20 years, compounded semiannually.
You can also do this problem by another method which is
first find the compound interest by using the formula
I=((1+i/n)^n)-1.........3
i=3%=0.03
n=20
So, by putting values in the above formula 3, you get
I=(1+0.03/20)^20-1
I=1.031-1
I=0.030403
I=3.043%
F=P(F/P,i%,n)
F=$3500(F/P,3.043,20)
When you use this interest( I )then you will need interpolation if the I value is not in the economics table
F=6,349.00
The answer will remain same as get by above method.