To solve this problem, you’re going to take 5.5 and divide it by 1.375. In doing so, you will get a final answer of 4 pieces.
5.5 / 1.375 = 4
Your answe would be 1 9/13
Part 1: <span>What is the periodic interest rate of jade investment?
Each compounding period is done semi-annually, which means twice a year. Since the given interest rate is annual, then 5.2% divided by half should yield the period interest rate, which is 2.6%
Part 2: </span><span>How many compounding periods does Jade's investment offer in a year? how about in 8 years?
In 1 year, there are 2 compounding periods. In 2 years, there are 16 compounding periods.</span>
Given:
The local rate for electrical service is 6 cents per kilowatt-hour.
We need to know how much money would be saved in a year by using a dishwasher 4times per week rather than 6 times per week
From the table:
The cost of using a dishwasher 4 times per week = $29
The cost of using a dishwasher 6 times per week = $44
So, the saving will be = 44 - 29 = 15
So, the answer will be $15
