Answer: A = $1503.6
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1000
r = 6% = 6/100 = 0.06
n = 1 because it was compounded once in a year.
t = 7 years
Therefore,.
A = 1000(1 + 0.06/1)^1 × 7
A = 1000(1.06)^7
A = $1503.6
Answer:
1 3/8 pints
Step-by-step explanation:
(2 3/4 cups) × (1 pint)/(2 cups) = 1 3/8 pints
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Units conversion is conveniently done using a fraction that is equal to 1: its numerator and denominator express the same quantity, but in different units. The units are chosen so that after unwanted units are cancelled, you end up with the desired units.
Answer:
<h2>$21000</h2>
Step-by-step explanation:
This problem is on simple interest calcultion
A=P(1+r*n)
where
A=accumulated amount (final)
P= principal amount (initial), $15,000
r=interest written as decimal, 8% = 8/100= 0.08
n=number of years, 5years
Substituting into the expression we have
A=15000(1+0.08*5)
A= 15000(1+0.4)
A=15000(1.4)
A=$21000
<h2>Hence the ending balance that lucy would pay is $21000</h2>
There are 5,280 feet in a mile. so 52,800 feet is 10 miles.