Jane max and greg are splitting a 10 ounce bag of popcorn. If they share the popcorn equally how many ounces of popcorn will eac
2 answers:
You might be interested in
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:
Step-by-step explanation:
All the variables on the right are being multiplied together then the whole mess is being divided by 2. Let's get rid of the 2 first. The undoing of division is multiplication, so we will begin by multiplying both sides by 2 to get
Next we will move the m. The undoing of multiplication is division. So we divide both sides by m to get
The undoing of a square is to take the square root, so we will do that to both sides giving us, finally