5. since .6 is greater than 5, we round up.
9514 1404 393
Answer:
- interest: $63
- balance: $9063
Step-by-step explanation:
After 6 months, the interest accrued is ...
I = Prt
I = $9000·0.014·(6/12) = $63
This is added to the principal to get the balance at that point in time.
$9000 +63 = $9063
__
The interest earned in the first 6 months is $63. The balance after 6 months is $9063.
_____
The compound interest formula will give you the same result for one compounding period. It tells you the balance is ...
A = P(1 +r/n)^(nt)
where n is the number of times interest is compounded in a year (2), and t is the number of years (1/2). For annual rate r = 1.4%, this is ...
A = $9000(1 +0.007)^(2×1/2) = $9000·1.007 = $9063
Answer:
12 in.
Step-by-step explanation:
The perimeter is calculated by adding all up the sides of a shape. In this case, the shape is a square, considering that all the sides are the same measurements. 3+3+3+3 can be simplified to 3x4. This gives you 12 in. as the perimeter.
