I believe it could be 19.5
Answer:
Hi!
Around 2208.97 dollars
Step-by-step explanation:
A=P(1+r/n)^nt This is the compound interest rate equation.
According to the problem, Principal is 2000 with annual rate of 2.5%, it was being compounded semiannually(twice a year).
Thus,
P=2000. r/n=2.5%/2 nt=2*4, 8
A=2000(1+0.0125)^8
A=2208.97
Answer:…
Step-by-step explanation:
Answer: 11 and 12
Step-by-step explanation:
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convert to improper fraction
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convert to multiply
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simplify and solve
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