Answer: 644,800
Step-by-step explanation:
This can also be solved using the terms of Arithmetic Progressions.
Let the 13 years be number of terms of the sequences (n)
Therefore ;
T₁₃ = a + ( n - 1 )d , where a = 310,000 and d = 9% of 310,000
9% of 310,000 = 9/100 x 310,000
= 27,900
so the common difference (d)
d = 27,900
Now substitute for the values in the formula above and calculate
T₁₃ = 310,000 + ( 13 - 1 ) x 27,900
= 310,000 + 12 x 27,900
= 310,000 + 334,800
= 644,800.
The population after 13 years = 644,800.
Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
2323
Step-by-step explanation:
According to the questions above, the report from the traffic jam says the traffics jam stretches for 5.5 miles
As Connor assumes that each car is about 12.5 long
The next step is to convert 5.5 miles into feet.
Since 1 mile = 5280
To convert 5.5 miles, 5.5 x 5280 = 29040 feet
To find the numbers of cars struck in traffic, we will have to divide 29040 by 12.5
29040/12.5 = 2323.3 ≅ 2323
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