Bob built birdhouses to sell at the craft fair for $8.00 each. He had to spend $40 for materials . Which inequality represents t
1 answer:
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Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation
where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation
∵
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Answer:
Step-by-step explanation:
Geometric sequence
Each term in a geometric sequence can be computed as the previous term by a constant number called the common ratio. The formula to get the term n is
where is the first term of the sequence
The problem describes Georgie took 275 mg of the medicine for her cold in the first hour and that in each subsequent hour, the amount of medicine in her body is 91% (0.91) of the amount from the previous hour. It can be written as
amount in hour n = amount in hour n-1 * 0.91
a)
This information provides the necessary data to write the general term as
b)
In the 8th hour (n=8), the remaining medicine present is Georgie's body is