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2 years ago

When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per

Mathematics

1 answer:

GaryK [48]2 years ago

8 0

Answer:

n =2

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

$A(t) = P(1 + \frac{r}{n})^{nt}$

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

In this question:

The money is compounded every 6 months.

n is the number of times that interest is compounded per year.

Each 6 months means 12/6 = twice a year. So n =2..

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Edwin Edwards and Karen Davis owned EEE, Inc., which owned three convenience stores, all of which sold gasoline. Reid Ellis deli

Ulleksa [173]

Question Completion:

Note: This is a Law question, not Mathematics.

Answer:

Decision:

Edwards and Davis are not personally liable for the debts of EEE, Inc.

Step-by-step explanation:

That Edwin Edwards and Karen Davis owned EEE Inc. does not force them to be personally liable for the debts of EEE Inc. EEE Inc. is a separate legal entity. There is the legal separation of ownership and the liabilities of Edwards and Davis are limited to the capital they contributed or undertook to contribute to the corporation. The corporate veil is only lifted when it is ascertained that EEE Inc. was not run as a legal entity separate from the owners. We can also conclude that there is no evidence of abuse of the corporate form of EEE Inc. with comingling of assets or for the purpose of promoting fraud or injustice or evasion of tort or contractual responsibility on the part of Edwards and Davis. Therefore, Edwin Edwards and Karen Davis are not personally liable for the debts of EEE Inc. as claimed by Reid Ellis.

5 0

2 years ago

Jose and Maris work for different car dealerships. Jose earns a monthly salary of $3,500 plus a 6% commision on his sales, x. Ma

patriot [66]

Answer:

x>$25000

Step-by-step explanation:

4 0

2 years ago

If a certain number of Grade IV students share 28 or 39 skill books in Mathematics,there are remainders of 4 and 3 books. What i

nadya68 [22]

Answer:

12 students

Step-by-step explanation:

<u>Below numbers are divisible by the number of students:</u>

28 - 4 = 24
39 - 3 = 36

24 = 2*2*2*3
36 = 2*2*3*3
GCF(24,36) = 2*2*3 = 12

The largest possible number of students is 12

7 0

1 year ago

Adrian ran from his house to the park at a speed of 5 meters per second. He ran back from the park to his house at a speed of 6

denpristay [2]

Answer:time taken to run from his house to the park is 12 minutes

Step-by-step explanation:

Let x represent the distance between his house and the park.

The speed at which Adrian ran from his house to the park is 5 meters per second.

Distance = speed × time

Time = distance/speed

Therefore, time taken to run from his house to the park would be

Time = x/5

The speed at which he ran back from the park to his house is 6 meters per second.

Time taken to run back from the park to his house would be

Time = x/6

The total time taken to run the whole journey was 22 minutes. Converting to seconds, it becomes 22× 60 = 1320 seconds. Therefore,

x/5 + x/6 = 1320

Multiplying through by 30, it becomes

6x + 5x = 39600

11x = 39600

x = 39600/11 = 3600 meters

Therefore, time taken to run from his house to the park would be

x/5 = 3600/5 = 720 seconds

Converting to minutes, it becomes

720/60 = 12 minutes

7 0

2 years ago

The 2000 U.S. Census reports the populations of Bozeman, Montana, as 27,509 and Butte, Montana, as 32,370. Since the 1990 census

Nitella [24]

If the increase is x% per year, the multiplier each year is 1+x (expressed as a decimal).

Bozeman = 27,509·1.0196^t
Butte = 32,370·0.9971^t
where t is the number of years after 1990.

3 0

2 years ago

Read 2 more answers