Set up a proportion and solve for x.
1 answer:
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Answer:
$3628.24
Step-by-step explanation:
we use the formula for accrued value (A) with compounded interest:
where A= accrued value (principal plus the accumulated interest)
P = principal -> in our case $6000
r = annual interest rate (in decimal form) -> in our case 0.06
n = number of compoundings per year. In our case 2 (semiannually)
t = time in years -> in our case 8
Since this is the value of principal plus accumulated interest, we subtract from it the principal ($6000) to get the value of just the interest:
$9628.24 - $6000 = $3628.24
Answer:
Step-by-step explanation:
We need to find which statements are true.
Solution to find the same we will solve each statement and will conclude the same.
1.
Now On solving we get;
So we can see that 0.70 > 0.66
Hence The given statement is False.
2.
Now On solving we get;
So we can see that 0.5625 > 0.5
Hence The given statement is True.
3.
Now On solving we get;
So we can see that 1.33 > 1.2
Hence The given statement is False.
4.
Now On solving we get;
So we can see that 0.82 > 0.66
Hence The given statement is False.