Answer:
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
Total amount = A = ?
Using the formula

substituting the values



$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so using the formula

so substituting the values


$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
The total money with them was $100 in their accounts
Answer:
9 hours
Step-by-step explanation:
Set up the equations: x is the amount of hours Amber worked and y is the hours Jake worked
8x + 8y = 120
y = 3 + x
Substitute the second equation into the first
8x + 8(3+x) = 120
Distribute
8x + 24 + 8x = 120
Combine like-terms
16x + 24 = 120
Subtract 24 on both sides
16x = 96
Divide 16 on both sides
x = 6 (hours Amber worked)
Plug in this x-value into on of the two equations. I will use the second
y = 3 + 6
y = 9
Answer:
2b + 3t = 60
Step-by-step explanation:
2b is the number of wheels on a bicycle
3t is the number of wheels on a tricycle
and 60 is the total number of wheels
Answer:
Step-by-step explanation:
Hello, I assume that you mean

The product is -36.

So in this example, it means that the sum is 5 and the product is -36.
Thank you