The cost of 8 pounds of oranges based on the total cost of 5 pounds bought is 12.00
What is the cost for a pound of oranges?
The cost of a pound of oranges based on the rate at which 5 pounds were bought and 8 pounds would also be bought is determined as the amount paid for 5 pounds of oranges divided by the number of pounds of oranges bought
cost per pound of oranges=cost of 5 pounds/5 pounds
cost per pound of oranges=7.50/5
cost per pound of oranges=1.50
Based on the 1.50 per pound, the cost of 8 pounds is the cost per pound multiplied by 8 pounds
cost of 8 pounds of oranges=1.50*8pounds
cost of 8 pounds of oranges=12.00
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Step-by-step explanation:
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Step-by-step explanation:
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Answer:
<em>The correct option is: B. $30.00</em>
Step-by-step explanation:
<u>The formula for compound interest</u> is.......
, where A= Final amount, P= Initial amount, r= rate of interest in decimal form, n= number of compounding in a year and t= time duration in years.
Anthony wants to buy CD for $400 that earns 2.5% APR and is compound quarterly and the CD matures in 3 years.
So here,
As the CD is compounded quarterly, so here
Plugging these values into the above formula......
So, the amount of total interest earned