Answer:
4/5 is NOT equivalent to 45%
Step-by-step explanation:
4/5 = 80%
Answer:
a. $10,943.30
b. $1,267.35
Step-by-step explanation:
P = $9,675.95
r = 6.25% = 0.0625
t = Compounded Semiannually = 2
a. Amount after 2 Years
n = 2
A = P [1 + (r / n)]^nt
A = $9,675.95 [1 + (0.0625 / 2)]² ˣ ²
A = $9,675.95 [1 + 0.03125]⁴
A = $9,675.95 [1.03125]⁴
A = $9,675.95 x 1.130982
A = $10,943.30
b. Compound Interest
Compound Interest = Final Amount - Principal Amount
Compound Interest = $10,943.30 - $9,675.95
Compound Interest = $1,267.35
5B + B = 20
6B = 20
B = 20 / 6
= 10/ 3 hrs
A = 5 ( 10/3 + 2)
= 5 (16/3)
= 80 / 3 hrs
Brian traveled 10/3 hours and Annie traveled 80/3 hours.
