Answer:
Option 4 is correct
Step-by-step explanation:
If the rate is compounded continuously, the formula used to find the future value is:
A= Pe^rt
Where A = Future Value
P= Principal amount
r = interest rate in decimal
t = time
For the given data:
A=?
P = $5000
r = 7% or 0.07
t = 6
Putting values in the above formula
A= 5000e^(0.07 *6)
A = 7609.81
So, Option 4 is correct.
Answer:
<em>Her annual salary is $62,400</em>
Step-by-step explanation:
Michelle Hong noticed that her gross pay per period increased by 2,800 when her employer changed from a bi weekly pay plan to a monthly pay plan.
Bi weekly is a check every 2 weeks, so she would get 26 checks per year.
Monthly would be 12 checks per year.
When she gets paid monthly her pay increased by $2,800 each check.
Let x be one bi-weekly paycheck.
The equation we get is:
12(x+2800) = 26x
Multiply the bracket by 12:
12x +33600 = 26x
Subtract 12x from both sides
33600 = 14x
Divide both sides by 14:
x = 33600/14
<em>x = 2400</em>
Her pay increased by 2800 each period:
2400 + 2800 = 5200 per check.
5200 x 12 months = 62400
<em>Her annual salary is $62,400</em>
Answer:
I think it's A hope this helps
Answer:
Red is 3/10
yellow is 1/3
Step-by-step explanation:
since there is 10 marbles all together it will be out of 10
and since there is 3 red marbles the probability is 3/10
but when you take out one of the marbles the total amount of marbles in the bag is 9. since there is 3 yellow marbles in the bag it would be 3/9 which can be simplified to 1/3
