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olya-2409 [2.1K]
3 years ago
9

If $8000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end o

f 12 years for the following
interest rates.
(a) 2%
(b) 3%
(c) 4.5%
(d) 7%
Mathematics
1 answer:
Oksanka [162]3 years ago
6 0

Answer:

a) $1920, b) $2880, c) $4320, d) $6720

Step-by-step explanation:

a) Interest = Principal(Rate)(time)/100

  Interest = $8000(12)(2)/100

Interest = $1,920

b) Interest = $8000(3)(12)/100

Interest = $2880

c) Interest = $8000(4.5)(12)/100

Interest = $4320

d) Interest = $8000(7)(12)/100

Interest = $6720

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Charra [1.4K]
I hope this helps you

7 0
3 years ago
Read 2 more answers
what is the answer to the volleyball team at blue point high school has saved $680 and the team plans to spend no more then that
zloy xaker [14]

Answer:

6 x + 23 y  < $ 680  represents the combinations of x balls and y nets that can be purchased.

Step-by-step explanation:

The number of balls than can be purchased  = x

The number of nets than can be purchased  = y

Total savings  = $ 680

Now, the cost of 1 ball =$6

So, the cost of x balls = x ( cost of 1 ball) = x ( $6)  = 6 x

Also, the cost of 1 net =$23

So, the cost of y nets = y ( cost of 1 net = y ( $23)  = 23 y

So, the total amount spent on x balls  and y nets

= Amount spent on x balls + Amount on y nets

=  6 x + 23 y

Also, the saved amount is $680

⇒<u> 6 x + 23 y  < $ 680</u>

Hence, 6 x + 23 y  < $ 680  represents the combinations of x balls and y nets that can be purchased.

4 0
3 years ago
Solve that for me :)
gavmur [86]

Answer:

2/5

Step-by-step explanation:

Out of the available options on the spinner, only 1 and 5 are factors of 25.

=> Outcomes = 2

=> Total outcomes = 5

P (factor of 25) = 2/5

Hope it helps.

5 0
3 years ago
Read 2 more answers
QUICK I NEED THIS ANSWER QUICKLY
Ahat [919]
It’s A. The first option. Also pls brainlist
7 0
3 years ago
The Parry Glitter Company recently loaned $300,000 to FIX 92, a local radio station. The radio station signed a noninterest-bear
melomori [17]

Answer:

The Parry Glitter Company

The Parry Glitter Company should record the Notes Receivable as $300,000.

It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year.  These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.

Step-by-step explanation:

a) Data and Calculations:

Notes Receivable = $300,000

If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%

Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.

8 0
3 years ago
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