-2 (-6 - 7n) + 5n = 145 What is the answer
2 answers:
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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:
0.278
Step-by-step explanation:
Given that Nuri joins a game for a car. The rule is that Nuri pick one key from box either A, B, or C. A box has two keys but only one can be used. B box has three keys but only one can be used. C box has two keys but none of them can be used.
Each box is equally likely to be selected.
In other words
If A is selected then probability of winning is using the correct key out of two keys i.e. 0.5
If B is selected then probability of winning is using the correct key out of three keys i.e. 0.333
If c is selected then probability of winning is using the correct key out of two keys i.e. 0.00
So the probability that Nuri can win the car
=