Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
Answer:
day 0, day 120
Step-by-step explanation:
You want to find the value of x that makes both y-values be the same:
y = y
30x +10 = -x^2 +150x +10
x^2-120x = 0 . . . . subtract the right side of the equation
x(x -120) = 0 . . . . . factor
Values of x that make this true are x=0 and x=120.
The same number of each car was sold on day 0 and day 120.
Leonard total purchase is $520,452.
The correct option is (C)
<h3>What is Unitary method?</h3>
The unitary method is a technique for solving a problem by first finding the value of a single unit, and then finding the necessary value by multiplying the single unit value
Given:
There are 61 new Ford Transits.
If each Ford Transit costs Leonard $8,532.
Then, total purchasing will be
=8532*61
= $520,452.
Hence, Leonard total purchase is $520,452.
Learn more about this concept here:
brainly.com/question/15591124
#SPJ1
B and c I believe ..........
Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
