Its 244 thousanthds and you are welcome
How could have written 5 and 4. But there are more answers.
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
900
Step-by-step explanation:
Answer:
k = 42
the constant of proportionality in this inverse variation is 42.
Step-by-step explanation:
Let x represent the number of people that want cake
And y the number of slices each can have;
Since x is inversely proportional to y;
x = k/y .....1
Where k is the proportionality constant;
To solve for k, we will substitute any of the case scenario given into equation 1.
If 14 people want cake, then they can each have 3 slices;
x = 14 , y = 3
substituting;
14 = k/3
k = 14 × 3 = 42
k = 42
the constant of proportionality in this inverse variation is 42.
Therefore,
x = 42/y