Answer:
6745.09
Step-by-step explanation:
If we assume the nominal annual interest rate is 5%, then the future value after 6 years is ...
FV = P(1 +r/12)^(12·t)
for P = 5000, r = .05, t = 6.
Doing the arithmetic, we get ...
FV = 5000(1 +.05/12)^(12·6) ≈ 6745.09
After 6 years, the bank account will be worth 6745.09.
_____
We made a comment about the interest rate, because the annual <em>yield</em> is about 5.116%. If the <em>annual yield</em> is actually 5%, then the account value is lower: $6700.48. (Monthly compounding is irrelevant in that case, because it is already figured into the yield.)
Usually, the wording would be that the account <em>earns</em> 5% interest compounded monthly.
Answer:
250 options to create an even number
375 options to create an odd number
Answer:
£765
Step-by-step explanation:
Answer:
The price of hot dog is $2.5 and that of a pretzel is $1.25.
Step-by-step explanation:
Let the cost of hotdogs be x and that of pretzels be x.
So,
4x+3y = 13.75 ...(1)
and
2x+5y = 11.25 ...(2)
Multiply equation (2) by 2.
4x+10y = 22.5 ...(3)
Subtract equation (1) from (3).
4x+10y-(4x+3y) = 22.5-13.75
4x+10y-4x-3y = 8.75
7y = 8.75
y = 1.25
Put the value of y in equation (1).
4x+3(1.25) = 13.75
4x+3.75 = 13.75
4x = 13.75-3.75
4x = 10
x = 2.5
So, the price of hot dog is $2.5 and that of a pretzel is $1.25.
Answer:
7,8,9
Step-by-step explanation:
The closest you can get to 42 with that equation and it has to use consecutive intergers is 41 and these numbers get you there.
