The interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
What is the formula for simple and compound interest?
Simple interest = (P× r× t)
Compound interest = P(1+r/n)^nt - P
We will find the interest as shown below:
P=$4,000
t=25 years
a) r=7%=0.07
Simple interest = (P× r× t)
= (4000×0.07×25)
= $7000
b) r=7%=0.07
Compound interest = P(1+r)^t - P
= 4000(1+0.07)^25-4000
= $17709.73056
rounding to nearest cents
= $17709.73
c) r=7%=0.07
n=4
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/4)^(25*4)-4000
= $18672.62375
rounding to nearest cent
= $18672.62
d) r=7%=0.07
n=12
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/12)^(25*12)-4000
= $18901.6728
rounding to nearest cent
= $18901.67
Hence, the interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
Learn more about Interest here:
brainly.com/question/21104975
#SPJ1
Answer:
2
Step-by-step explanation:
9x2=18
5x2=10
10/18=5/9
10/18 divided by 2 5/18
so its 2
Answer:
The overall expected grade point average for the semester is 3.16/3.1 or 3.2 if you round it up.
Step-by-step explanation:
To get the average, you need to add up all the numbers then divide the sum by how many numbers you added.
3.5 + 3.0 + 3.0 = 9.5
9.5 / 3 = 3.16
25x² + 1 = 5
25x² + 1 - 5 = 0
25x² - 4 = 0 By difference of two squares
(5x)² - (2)² = 0
(5x - 2)(5x + 2) = 0
5x - 2 = 0 or 5x + 2 = 0
5x = 0 + 2 5x = 0 - 2
5x = 2 5x = -2
x = 2/5 x = -2/5
x = 0.4 x = -0.4
x = + 0.4 or -0.4
