Answer:
The company's profit in 2007 was 11.088 millions
Step-by-step explanation:
This is a compound interest problem where the initial amount is 8.8 million, the interest rate is 6% and the time period is 4 years and it gets compounded yearly. So we can use the compound interest formula, that is given by:
A = P*(1 + r/n)^(n*t)
Where A is the final amount, P is the initial amount, r is the rate, t is the total amount of time and n is the number of times it gets compounded in one year. We can now use all the values that were given to us to find out the profit of the company.
A = 8.8*(1 + (0.06))^(4) = 8.8*(1.06)^16
A = 8.8*1.26 = 11.088 millions
So the company's profit in 2007 was 11.088 millions
The answer is C, 1.
In a number line, the larger number it gets, the more of the right side they're. The smaller the number, the more left side they get.
So, on a number line, 1 is just at the right side of 0, all the other options are at least one more place away from 0.
Answer: V equals -16
Step-by-step explanation: If we do 2 + -16 / 4, we get -2
Hope this helps :)
Hi there! So, the simple interest is 7.5% annually. Let’s multiply by initial amount by the interest rate. 5,000 * 7.5% is 375. You earn $375 in interest annually. The difference of 6,500 and 5,000 is 1,500. Let’s divide by 375 to see how many times it goes into 1,500. 1,500/375 is 4. It will take 4 years for the balance of the account to be $6,500.
