Answer:
784.16
Step-by-step explanation:
use the formula for simple interest =
P(1+r)^t
so
3180(1.065)^3.5 - 3180
Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
Let x be the unknown number.
7x + 668 < 2000 => 7x plus 668 is less than 2000
where:
7x => x represents the number of cans to be collected in 7 days
668 is the number of cans already collected.
2000 is the target number of cans.
7x + 668 < 2000
<u> - 668 -668</u>
7x < 1332
<u>÷7 ÷7</u>
x < 190.30
or
x < 190
To check:
7x + 668 < 2000
7(190) + 668 < 2000
1330 + 668 < 2000
1998 < 2000
Answer:
A and D
because those are the correct ones :)
