Answer:
<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>
Step-by-step explanation:
Annual interest rate is 2.75%. Hence, the monthly interest rate is 
The amount will be compounded 
times.
Every month they deposits $500.
In the first month that deposited $500 will be compounded 240 times.
It will be ![500\times [1 + \frac{2.75}{1200} ]^{240}](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B240%7D)
In the second month $500 will be deposited again, this time it will be compounded 239 times.
It will give ![500\times [1 + \frac{2.75}{1200} ]^{239}](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B239%7D)
Hence, the total after 20 years will be ![500\times [1 + \frac{2.75}{1200} ]^{240} + 500\times [1 + \frac{2.75}{1200} ]^{239} + ........+ 500\times [1 + \frac{2.75}{1200} ]^{1} = 160110.6741](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B240%7D%20%2B%20500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B239%7D%20%2B%20........%2B%20500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B1%7D%20%3D%20160110.6741)
Answer:
2.04
Step-by-step explanation:
The GDP of USA IN 2008 = $14.72 trillion
The GDP of USA IN 2009 = $14.42 trillion
Change in GDP
$14.72 trillion- $14.42 trillion = $0.3 trillion
Percentage Change
($0.3 trillion/$14.72 trillion) x 100%
0.02038 X 100% = 2.038=2.04 approximately
No because if it is a square all the sides are 7m long so a 9m plank will not fit. Hope this helps.
Answer:
3 hours 20 minutes
Step-by-step explanation:
Together, the workers can assemble 9 + 6 = 15 products per hour. So the assembly of 50 products will take ...
(50 products)/(15 products/hour) = 50/15 hours = 3 1/3 hours
The two workers can assemble 50 products in 3 1/3 hours.
