First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
56
Step-by-step explanation:
R=10
because 10 divided by ten =1 +4 =5
Answer:
The answer is 18 percent, or 9/50.
Step-by-step explanation:
We first convert the chance of rain on Monday into a fraction.
60%=60/100=3/5.
We then convert the chance of rain on Tuesday into a fraction.
30%=30/100=3/10.
Because the two events are independent(i.e. If it rains on Tuesday doesn't depend on if it rains on Monday) we multiply them together to get the probability they both happen. That chance is:
3/5 * 3/10=(3*3)/(5*10)=9/50(fraction form)=18/100=18%(percent form)
Answer:
1120°
Step-by-step explanation:
Use the sum of interior angles formula:
Where n is the number of sides.
In a nonagon, there are 9 sides, substitute 9 for n:
Since our nonagon is a regular nonagon, all 9 angles measure the same, so each angle measures:
Subtract 140 from 1260:
