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2 years ago

ben needs to convert 500 US dollars to the japanese yen. one american dollar is worth 123.3 yen. how many yen will he have

Mathematics

1 answer:

laiz [17]2 years ago

6 0

Answer:

The correct answer is 61,650 Yens

Step-by-step explanation:

US$ in cash that Ben has = 500

Exchange rate (US$/Yen) = 1 : 123.3

For calculating the total amount in Yens that Ben has, we use this formula:

Yens in Cash = US$ in Cash * Exchange rate given

Yens in Cash = 500 * 123.3

Yens in Cash = 61,650

After converting the US$ 500 Ben has, he will receive Yens 61,650

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an employer will do a 50% match on your investment to a 401k retirement plan. If you decide to contribute a monthly amount of $2

faltersainse [42]

Answer:

The amount that should be in the account after 15 years is $95,321.85

Step-by-step explanation:

According to the given data, we have the following:

monthly amount of $220=R

interest rate is fixed at 2.05%. We require the monthly ineterest rate, hence monthly interest rate= 2.05%/12=0.1708%=0.0017

t=15years×12=180 months

In order to calculate how much should be in the account after 15 years, we would have to use the following formula:

Ap=R(1-(1+i)∧-t)

Ap=220(1-(1+0.0017)∧-180)

0.0017

Ap=162,04

0.0017

Ap=$95,321.85

The amount that should be in the account after 15 years is $95,321.85

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2 years ago

8.5(4+3h)-h simplified

nikklg [1K]

Answer:

$34+24.5h$

Step-by-step explanation:

$8.5(4+3h)-h\\\\=8.5(4)+8.5(3h)-h\\\\=34+25.5h-h\\\\=34+24.5h$

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2 years ago

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Fredric worked 46 hours last week. his hourly rate is $8.50. What was his gross pay?

Nostrana [21]

Answer:

$391

Step-by-step explanation:

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2 years ago

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A skating rink charges $0.75 to rent skates and $1.25 per hour to skate. How many hours did Penny skate if she was charged $4.50

ArbitrLikvidat [17]

She was skating for 3 hours.

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2 years ago

Michael arthur deported $2,900 in a new regular savings account that earns 5.5 percent interest compounded semiannually he made

il63 [147K]

Answer:

The amount in the account is $3062.4 (Approx) and compound interest is $162.4 .

Step-by-step explanation:

Formula for compounded semiannually

$Amount = P(1 + \frac{r}{2} )^{2t}$

Where P is the principle , r is the rate in decimal form and t is the time.

As given

Michael arthur deported $2,900 in a new regular savings account that earns 5.5 percent interest .

Here

Principle = $2,900

5.5% is written in the decimal form.

$= \frac{5.5}{100}$

= 0.055

Time = 1 year

Put in the formula

$Amount = 2900\times (1 + \frac{0.055}{2} )^{2\times 1}$

$Amount = 2900\times (1 + 0.0275 )^{2\times 1}$

$Amount = 2900\times (1.0275)^{2}$

$Amount = 2900\times 1.056\ (Approx)$

Amount = $ 3062.4 (Approx)

Thus the amount after 1 years is $3062.4 (Approx) .

Now find out the compound interest .

Amount = Principle + Compound interest

Here

Amount = $ 3062.4

Principle = $2,900

Put in the above

$3062.4 = $2,900 + Compound interest

Compound interest = $3062.4 - $2,900

Compound interest = $162.4

8 0

2 years ago