Answer:
- 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.
- 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.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
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?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so 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.
Answer:
The time it took until 2 inches of rain fell is 8 hours
Step-by-step explanation:
You know that the proportional relationship between the amount of time (in hours) it had been raining, x, and the amount of rain (in inches) it had fallen, y, is y = 0.25*x
To find the time that passed until 2 inches of rain fell, you must replace the amount of rain (in inches) that had fallen "and" by that value. In this way the following expression is obtained:
2= 0.25*x
Solving:

8 = x
So, remembering that the amount of time it had been raining, x, is expressed in hours, <u><em>the time it took until 2 inches of rain fell is 8 hours</em></u>.
20% chance for the letter box and 25% chance for Number box.