The directions say round to the nearest tenth so use the 8.8 cm
Simplify the mathematical expression below.
1 answer:
You might be interested in
Answer:
Please check the explanation.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
Total amount = A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
Total amount = A = ?
Using the formula
so substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
When an answer to a question uses the greater than symbol, that means any number above the number used is a possible answer to the equation. However, when it's just a simple "x = 2", then 2 is the only possible answer to that equation. Think about it as if it were on a graph. In the attached file I have a graph that is displaying the equation "x > 4". The entire shaded area to the right of 4 could be a possible answer.
Hope this helps.
