The interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
What is the formula for simple and compound interest?
Simple interest = (P× r× t)
Compound interest = P(1+r/n)^nt - P
We will find the interest as shown below:
P=$4,000
t=25 years
a) r=7%=0.07
Simple interest = (P× r× t)
= (4000×0.07×25)
= $7000
b) r=7%=0.07
Compound interest = P(1+r)^t - P
= 4000(1+0.07)^25-4000
= $17709.73056
rounding to nearest cents
= $17709.73
c) r=7%=0.07
n=4
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/4)^(25*4)-4000
= $18672.62375
rounding to nearest cent
= $18672.62
d) r=7%=0.07
n=12
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/12)^(25*12)-4000
= $18901.6728
rounding to nearest cent
= $18901.67
Hence, the interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
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Answer:
The sum of the other 4 numbers is
Step-by-step explanation:
Let
x------> the sum of 6 numbers
y-----> the sum of the other 4 numbers
we know that
-----> equation A
substitute the value of x in the equation A
False for every rate there is only one unit rate. there is however more than 1 rates for one unit rate. for example 4/2 would have 2/1 as a unit rate but 2/1 can have 4/2 and 8/4 as rates and so on. hope this helps good luck!
Answer:
y=1/2x
Step-by-step explanation:
The slope of the line goes up by 1 over by 2 each time or 1/2. (Rise over run)
This can be proven by substituting X and Y for a point on the graph.
y=5, x=10
5=1/2(10)
5=5
Answer:
Subtraction will happen in this case.
14ft-5ft= 9ft
10 inches-8 inches= 2 inches
So, it grew 9ft. and 2 inches.