Answer:
The final ballance will be $1300.37.
Step-by-step explanation:
In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:
S = P(1 + r/n)^(n*t)
Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:
S = 975.52*(1 + 0.0725/4)^(4*4)
S = 975.52*(1.018125)^(16)
S = 975.52*1.333
S = 1300.37
The final ballance will be $1300.37.
Answer:
1. coefficient
2. variable
3. constant
Step-by-step explanation:
We would need the data of their classmates scores to complete this answer
Answer:
$6.25 marked up 25% is $7.81
Step-by-step explanation:
First, you have to find what 25% is of 6.25.
Step 1: Our output value is 25.
Step 2: We represent the unknown value with x.
Step 3: From step 1 above, 25=100%.
Step 4: Similarly, x=6.25%.
Step 5: This results in a pair of simple equations:
25=100%(1)
x=6.25%(2)
Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both
equations have the same unit (%); we have
<u>25 </u> = <u>100</u>
x 6.25
Step 7: Again, the reciprocal of both sides gives
<u> x </u> = <u>6.25</u>
25 100
x= 1.5625
x≈ 1.56
Once you've known what 25% is, you add it to 6.25.
1.56+6.25= 7.81
