Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation
where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation
∵ 
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Answer:
1st . The shaded region of the graph ....
2nd. The graph line is solid.
4th. The ordered pair (2 ; 5) is part of the solution set.
Step-by-step explanation:
. Because y is <u>greater</u> or equal than the line, everything above the line is part of the solution.
. Since y is greater or<u> equal</u>, the line is solid. If y was only greater the line would have been dotted.
. The pair (2 ; 5) represent the x = 2 w/ y = 5, and reading the graph you can see the at this point the lines passes through it.
Answer:
5 11/12
Step-by-step explanation:
First convert the mixed number into an improper fraction: 31/6
Find a common denominator:
18/24 and 124/24
124/24+ 18/24 is 142/24 and that is the same as 5 11/12
Hopefully this helps and you can have a lovely day!
Answer:
The interest is
<h2>$ 769.50</h2>
Step-by-step explanation:
Simple interest is given by
where
P is the principal
R is the rate
T is the time given
From the question
The principal / P = $ 5700
The rate / R = 4.5%
The time given / T = 3 years
So the interest is
We have the final answer as
I = $ 769.50
Hope this helps you
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Answer:
Your answer would be 3 miles.
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Explanation and work:
To find the answer for this question, we would use the numbers we know that was provided in the question and use it to get us the answer.
The equation we would use in this type of question is the Pythagorean Theorem.
Pythagorean Theorem:
a² + b² = c²
When you draw out the different locations, it would end up looking like a triangle since you trying to find the diagonal line from the grocery store to the house. In the triangle, it would be the hypotenuse. I will put a picture below.
Lets start solving:
1.8 would be plugged into "a"
2.4 will be plugged into "b"
(1.8)² + (2.4)² = c²
↓ ↓ ↓
3.24 + 5.76 = c²
↓
9 = c²
↓
√9 = √c²
↓
3 = c
3 miles would be your FINAL answer.
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