I=PRT
1000*.008=80
80*6=480
After 6years 480 bucks accrued interest
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Katelyn because there are 3 feet in 1 yard therefore, Dave is 2616 feet away from school.
Answer:
-4.1656x10^-2
Step-by-step explanation:
When doing scientific notation, the number must be represented between 0-9 (positive or negative) and the decimal place is then moved. In this case to get to 4 you must move the decimal left 2 places, so when you move to the left the exponent is negative
Answer:
the desired equation is
y = (1/2)x - 21/2
Step-by-step explanation:
Looks as tho' you may have typed in an extra 'y' here. I will proceed under the assumption that you meant y = (1/2)x - 4. This line has a slope of 1/2.
Any line parallel to it also has a slope of m = 1/2.
Start by replacing y, x, m and b in y = mx + b with the knowns:
y = mx + b becomes -6 = (1/2)(9) + b.
Clear this of fractions by multiplying all 3 terms by 2:
-12 = 9 + 2b, or:
-21 = 2b. Dividing both sides by 2 results in b = -21/2.
Thus, the desired equation is
y = (1/2)x - 21/2
