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2 years ago

10

How many years will it take for $2000 to double at a simple interest rate of 8%?

1 answer:

nikitadnepr [17]2 years ago

7 0

Answer:

12.5 years

Step-by-step explanation:

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The cost to a store for an MP3 player is $60. The selling price is $1.05. A classmate says that the markup is 175% because $105/

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<span>MP3 player is $60
</span><span>The selling price is $105

</span><span>A classmate says that the markup is 175% because $105/$60=1.75 . Is your classmate correct?

No. IT's not correct

Original price $60
Selling price $105

$105 - $60 = $45

So

45/60 x 100 = 75%

Price is markup 75% from $60 to $105</span>

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3 years ago

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2 years ago

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2 years ago

Micah is buying candy for the Halloween party. There will be 13 adults and

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2 years ago

If 1st and 4tg terms of G.p are 500 and 32 respectively it's second term is ?

bixtya [17]

Answer:

$T_{2} = 200$

Step-by-step explanation:

Given

Geometry Progression

$T_1 = 500$

$T_4 = 32$

Required

Calculate the second term

First, we need to write out the formula to calculate the nth term of a GP

$T_n = ar^{n-1}$

For first term: Tn = 500 and n = 1

$500 = ar^{1-1}$

$500 = ar^{0}$

$500 = a$

$a = 500$

For fought term: Tn = 32 and n = 4

$32 = ar^{4-1}$

$32 = ar^3$

Substitute 500 for a

$32 = 500 * r^3$

Make r^3 the subject

$r^3 = \frac{32}{500}$

$r^3 = 0.064$

Take cube roots

$\sqrt[3]{r^3} = \sqrt[3]{0.064}$

$r = \sqrt[3]{0.064}$

$r = 0.4$

Using: $T_n = ar^{n-1}$

$n = 2$ $r = 0.4$ and $a = 500$

$T_{2} = 500 * 0.4^{2-1}$

$T_{2} = 500 * 0.4^1$

$T_{2} = 500 * 0.4$

$T_{2} = 200$

<em>Hence, the second term is 200</em>

5 0

2 years ago