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sashaice [31]
2 years ago
15

An investment of P=1237.50 is compounded annually with a 6.75% APR . Find the value of the investment after 5 and a half years.

Mathematics
2 answers:
Ber [7]2 years ago
5 0

Answer:

Under compound interest, not only does the principal generate interest, so does the previous accumulated interest. The future value F of P dollars compounded annually for t years with an annual percentage rate (APR) r expressed as a decimal is .

katen-ka-za [31]2 years ago
3 0

Answer:

  • 1772.43

Step-by-step explanation:

<u>Given:</u>

  • Principal P = 1237.50
  • Interest rate r = 6.75% or 0.0675
  • Number of compounds n = 1
  • Time t = 5.5 years

<u>Find the total:</u>

  • A = P(1 + r/n)^{nt}
  • A = 1237.5*(1+0.0675)^{5.5} = 1772.43
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The Dowers need to make 5 pies for 15 people.

Step-by-step explanation:

Given,

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15 persons = 15*3 = 45 slices of pie

It is also given that;

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Solve the following equation -6p+7=3(2p-3)-4(-10+4p)<br> a.p=6<br> b.p=5<br> c.p=7<br> d.p=12
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ankoles [38]

Answer:

$51.12

Step-by-step explanation:

Hello there!

In number 19, we want to find the total price of a sweatshirt that costs $48 dollars but has 6.5% sales tax

Sales tax is a small percentage of the cost of an item that is added to items when they are being sold.

In this problem, 6.5% of the cost of the sweatshirt will be added to the cost of the sweatshirt in the form of sales tax. The price of the sweatshirt plus the amount in sales tax will be the total cost of the sweatshirt.

Translating that as an equation,

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You can calculate 48*6.5% as \frac{48*6.5}{100}, which is equal to 3.12

So that means that $3.12 will be added to the cost of the sweatshirt.

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