On two investments totaling $6,000, Brian lost 7% on one and earned 8% on the other. If his net annual receipts were $420, how m
1 answer:
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Answer:
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula
where
- Principle = P
- Annual rate = r
- Compound = n
- Time = (t in years)
- A = Total amount
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
Total amount = A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Using the formula
where
- Principle = P
- Annual rate = r
- Compound = n
- Time = (t in years)
- A = Total amount
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so using the formula
so substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Answer:
B. (1/2, 3)
Step-by-step explanation:
It is perhaps easiest to try the point values in the equations.
A — 4·2+1 = 9; -2·2 +4 ≠9 . . . . not the answer
B — 4·1/2 +1 = 3; -2·(1/2) +4 = 3 . . . . this is the answer
we need go no further since we have the answer
