Answer:
$14,000
Step-by-step explanation:
Amount issued = $300,000 of 8% bonds
Which means that
8/100 ×$300,000
= $24,000 annual interest
Therefore, they would pay
Monthly interest = $24,00/12 = $2000
Interest would be calculated from the day bond is issued. Interest would be calculated for seven (7) months (June - December).
Therefore, $2000×7 = $14000 interest expense
Answer:
Total = Principal * (1 + [rate/2])^2*6
Total = 3,000 * (1.025)^12
Total = 3,000 * 1.3448888242
Total = 4,034.67
Source: https://www.1728.com/compint3.htm
Step-by-step explanation:
Answer:
Step-by-step explanation:
Let x represent the amount invested at 11%. Then (3000-x) is the amount invested at 8%. The interest difference is ...
0.11x - 0.08(3000 -x) = 216
0.19x -240 = 216 . . . . . . . . simplify
0.19x = 456 . . . . . . . . . . . . add 240
456/0.19 = x = 2400 . . . . . the amount invested at 11%
3000-2400 = 600 . . . . . . . the amount invested at 8%
Answer:
2400
Step-by-step explanation:
To get this answer you would need to take the number of gallons and multiply it by the number of minutes
160x15=2400
