As per the promissory note record, the profit in pesos is 0.098%
To do this, we'll need to use a number line to help us understand the relationship between time and the interest rate.
Let's say, that the interest rate on Laura's promissory note is 5% per year. We can represent this on a number line by dividing the line into 365 equal segments, one for each day of the year.
Each segment would represent 1/365th of the total interest rate, or approximately 0.014% (5%/365).
Now, we can mark off the first 7 segments on the number line to represent the 7 days that Laura is holding the investment. The total interest she'd earn over those 7 days would be equal to the sum of the values of those 7 segments.
In this case, that would be 7 x 0.014%, or approximately 0.098%.
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Complete Question:
Laura invests $12,000 in a promissory note. 00 to 7 days what is the profit in pesos?
A cat gave birth to 333 kittens who each had a different mass between 147147147 and 159\,\text{g}159g159, start text, g, end text. Then, the cat gave birth to a 4^{\text{th}}4 th 4, start superscript, start text, t, h, end text, end superscript kitten with a mass of 57\,\text{g}57g57, start text, g, end text.
The answer to the question is 334 kittens.
Given that a cat gave birth to 333 kittens who each had a different mass between 147 g and 159 g. Then the cat gave birth to a 4th kitten with a mass of 57 g.
First of all, we will find out the range of the mass of kittens. The range is given as follows;Range = Maximum Value - Minimum Value Range = 159 g - 147 g Range = 12 g
Now, the cat gave birth to a 4th kitten with a mass of 57 g, we can say that the minimum value of kitten's mass is 57 g.So, the maximum value of kitten's mass can be calculated as follows;Maximum Value = 57 g + Range Maximum Value = 57 g + 12 g Maximum Value = 69 g Now, we can say that all kittens with a mass of 69 g or less would be born because the minimum value of kitten's mass is 57 g and the range of mass is 12 g.
Therefore, the answer to the question is 334 kittens.
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60 identical machines in a factory pack 150 crates of limes per day
between them.
a) Write the ratio of the number of machines to the number of crates
packed per day in the form 1: n.
b) How many crates of limes would 70 of these machines pack per day?
Give any decimals in your answers to 1 d.p.
a) To write the ratio of the number of machines to the number of crates packed per day in the form 1: n, we need to find the number of crates packed per day per machine. We can do this by dividing the total number of crates packed per day by the number of machines:
Number of crates packed per day per machine = 150 crates/day ÷ 60 machines = 2.5 crates/machine/day
Therefore, the ratio of the number of machines to the number of crates packed per day in the form 1: n is 1:2.5 or 2:5.
b) To find out how many crates of limes 70 of these machines would pack per day, we can use the ratio from part (a) to set up a proportion:
1 machine : 2.5 crates/day = 70 machines : x crates/day
Solving for x, we get:
x = (70 machines × 2.5 crates/day) / 1 machine = 175 crates/day
Therefore, 70 of these machines would pack 175 crates of limes per day.
Step-by-step explanation:
a) The ratio of the number of machines to the number of crates packed per day can be written as:
60 : 150
To simplify this ratio, we can divide both sides by 10:
6 : 15
Finally, we can divide both sides by 3 to get the ratio in the form 1 : n:
1 : 2.5
Therefore, the ratio of the number of machines to the number of crates packed per day is 1 : 2.5.
b) If 60 machines can pack 150 crates per day, then one machine can pack:
150/60 = 2.5 crates per day
So, 70 machines can pack:
70 × 2.5 = 175 crates per day
Therefore, 70 machines can pack 175 crates of limes per day.
A system of equations is graphed on the coordinate plane.
A student concludes that the solution of the system is (-0.5, 1.5).
Is this correct? Justify your response.
The correctness of the student's solution, we need to have the equations of the system.
A system of equations is graphed on the coordinate plane. A student concludes that the solution of the system is (-0.5, 1.5). Is this correct? Justify your response.To conclude that a system of equations has a solution in the coordinate plane, a set of ordered pairs (x, y) should satisfy both equations in the system of equations. That is, the system of equations should have a point (x, y) that is a solution of both equations.Only by testing the solution in the given system of equations can we know if the student's conclusion is correct. If the solution is satisfied by the system of equations, then the answer is true. Otherwise, it is false. However, since no system of equations is provided in the question, we cannot test the student's solution.To justify the correctness of the student's solution, we need to have the equations of the system.
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What is the slope of the line passing through the points (4, -6) and (2, 3)?
Answer:
m = -9/2
Step-by-step explanation:
Slope = rise/run or (y2 - y1) / (x2 - x1)
Points (4, -6) (2, 3)
We see the y increase by 9, and the x decrease by 2, so the slope is
m = -9/2
1,500 decagrams = 150 kilograms.
True?
False?
Answer: FALSE
Step-by-step explanation:
1500 decagram = 15 kg
1 decagram = 0.01 kg
1500 decagram = 1500/0.01 kg
= 1500/100 kg
1500 decagram = 15kg
You purchased 40 shares for $3.95/sh. If you sold the shares for a total of $200. Did you net a profit or a loss?
Answer: profit
Step-by-step explanation:
3.95 (price of one share) multiplied by 40 (the amount of shares bought) would have cost $158. so selling all for $200 would be a $42 profit
g a second unit vector which is also orthogonal to both 8,-8,8 and 0,5,5 is the unit vector which points in the direction opposite to u1 -2/6.-1/6,1/6 this is the vector u2
The vector u2 is (0, √3/3, 2/3). It is a unit vector that is orthogonal to both 8,-8,8 and 0,5,5.
Given two vectors 8,-8,8 and 0,5,5, we need to find another unit vector that is orthogonal to both the given vectors. Let's call this vector u1.The vector u1 can be obtained by taking the cross product of the two given vectors:u1 = (8,-8,8) × (0,5,5)u1 = (-40,-40,40)
To get a unit vector, we need to normalize u1 by dividing it by its magnitude:|u1| = √((-40)² + (-40)² + 40²) = 60u1 = (-40/60, -40/60, 40/60) = (-2/3, -2/3, 1/3)Now we need to find another unit vector that is orthogonal to u1.
One way to do this is to take the cross product of u1 with another vector, and then normalize the result. We can choose any vector that is not parallel to u1. For example, we can choose the vector (1,0,0).u2 = u1 × (1,0,0)u2 = (-2/3, -2/3, 1/3) × (1,0,0)u2 = (0,1/3,2/3)
To get a unit vector, we need to normalize u2 by dividing it by its magnitude:|u2| = √(0² + (1/3)² + (2/3)²) = 1/√3u2 = (0, √3/3, 2/3)
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A production facility contains two machines that are used to rework items that are initially defective. Let X be the number of hours that the first machine is in use, and let Ybe the number of hours that the second machine is in use, on a randomly chosen day. Assume that X and Y have joint probability density function given by 3. f(x) = { 3/2(x^2 +y^2) 0
Answer:
Step-by-step explanation:
Solve each inequality (show work)
Answer:
5 less than or equal to x
Step-by-step explanation:
make x subject
The owner of a sports complex wants to carpet a hallway connecting two buildings. The carpet costs $2.50 per square foot. How much does it cost to carpet the hallway?
Therefore, it will cost $510 to carpet the hallway.
What is area?Area is a mathematical concept that describes the size of a two-dimensional surface. It is a measure of the amount of space inside a closed shape, such as a rectangle, circle, or triangle, and is typically expressed in square units, such as square feet or square meters. The area of a shape is calculated by multiplying the length of one side or dimension by the length of another side or dimension. For example, the area of a rectangle can be found by multiplying its length by its width. The concept of area is used in many fields, including mathematics, geometry, engineering, and architecture. It is an important measure for determining the amount of material needed to cover a surface, such as carpet or paint, and is used in a wide variety of real-world applications.
Here,
To find the cost of carpeting the hallway, we need to know the total area of both trapezoids in square feet. Let's assume that the trapezoids have parallel sides of length 16 and 18 feet, and a height of 6 feet.
The area of each trapezoid is given by the formula:
Area = (1/2) x (sum of parallel sides) x height
For the first trapezoid, the sum of parallel sides is 16 + 18 = 34 feet. Therefore, the area of the first trapezoid is:
Area1 = (1/2) x (16 + 18) x 6
Area1 = 102 square feet
For the second trapezoid, the sum of parallel sides is also 16 + 18 = 34 feet. Therefore, the area of the second trapezoid is:
Area2 = (1/2) x (16 + 18) x 6
Area2 = 102 square feet
The total area of both trapezoids is:
Total Area = Area1 + Area2
Total Area = 102 square feet + 102 square feet
Total Area = 204 square feet
Now that we know the area of the hallway, we can calculate the cost of carpeting it. We're told that the carpet costs $2.50 per square foot, so we can multiply the area of the hallway by the cost per square foot to find the total cost:
Total Cost = Area x Cost per square foot
Total Cost = 204 square feet x $2.50 per square foot
Total Cost = $510
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The length of a rectangular room is 9 feet longer than twice the width. If the room's perimeter is 150 feet, what are the room's dimensions?
Answer:
Length = 53 feet
Width = 22 feet
Step-by-step explanation:
Perimeter = 2(length + width)
Then:
a = 2w + 9 Ec. 1
150 = 2(a + w) Ec. 2
a = length
w = width
From Eq. 1:
a - 9 = 2w Eq. 3
From Eq. 2:
150 = 2*a + 2*w
150 = 2a + 2w
150 - 2a = 2w Eq. 4
Equalizing Eq. 3 and Eq. 4
a - 9 = 150 - 2a
a + 2a = 150 + 9
3a = 159
a = 159/3
a = 53
From Eq. 1:
a = 2w + 9
53 = 2w + 9
53 - 9 = 2w
44 = 2w
44/2 = w
w = 22
Check:
From Eq. 2
150 = 2(a+w)
150 = 2(53+22)
150 = 2*75
The population of a place is increased to 54000 in year 2003 5% per annum find the population in the year 2001 what would be the population in the year 2005
Answer:
To find the population in the year 2001, we need to work backwards from the given population of 54,000 in 2003.
Let P be the population in the year 2001. From 2001 to 2003, there are two years, during which the population grows at a rate of 5% per annum. We can calculate the population in 2003 using the formula:
P * (1 + r)^n = 54,000
where r is the annual growth rate (5% or 0.05) and n is the number of years (2). Plugging in the values, we get:
P * (1 + 0.05)^2 = 54,000
Simplifying the equation, we get:
P = 54,000 / (1.05)^2
P = 48,543 (rounded to the nearest whole number)
Therefore, the population in the year 2001 was approximately 48,543.
To find the population in the year 2005, we can use the same formula with n = 2 + 2 = 4 (since we want to find the population four years after 2001):
P * (1 + 0.05)^4 = ?
Plugging in the value of P we just found, we get:
48,543 * (1 + 0.05)^4 = 60,723 (rounded to the nearest whole number)
Therefore, the population in the year 2005 would be approximately 60,723
(please could you kindly mark my answer as brainliest )
what is the answer to 1/3(21y+39)= -36
Square ABCD is similar to square EFGH. The ratio of AB:EF is 1:4. The area of square EFGH is 14,400ft ft squared by 2. What is AB?
The Length of AB in square ABCD is 30 feet.
Since the squares ABCD and EFGH are similar, their corresponding sides are proportional, so we can set up the following relation:
AB/EF = 1/4
We can also use the fact that the ratio of the areas of two similar figures is equal to the square of the ratio of their corresponding sides. Therefore,
AB²/EF² = (Area of square ABCD)/(Area of square EFGH)
Substituting the given values:
AB²/EF² = (Area of square ABCD)/(14400)
Since the areas of squares are proportional to the square of their sides, we can write,
Area of square ABCD/Area of square EFGH = (AB/EF)²
Substituting this into the above equation and solving for AB, we get,
AB²/EF² = (AB/EF)²
AB² = (AB/EF)² * EF²
AB² = (1/4)² * 14400
AB² = 900
AB = 30 feet
Therefore, the length of the side AB of square ABCD is 30 feet.
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Sarah took the advertising department from her company on a round trip to meet with a potential client. Including Sarah a total of 15 people took the trip. She was able to purchase coach tickets for $220 and first class tickets for $910. She used her total budget for airfare for the trip, which was $8130. How many first class tickets did she buy? How many coach tickets did she buy?
Please help with these Formal Logic questions;
8.1 Some cashmere sweaters are fashionable garments, so some cashmere sweaters are not suede jackets, for some suede jackets are not fashionable garments.
Which of the following correctly expresses the form of this argument?
a. Some C are F.
Some C are not S.
Some S are not F.
b. Some S are not F.
Some C are F.
Some C are not S.
c. Some C are not F.
Some C are not S.
Some C are F.
d. Some F are not S.
Some F are C.
Some S are not C.
e. Some C are F.
Some F are not S.
Some S are not S.
8.2 Some cashmere sweaters are fashionable garments, so some cashmere sweaters are not suede jackets, for some suede jackets are not fashionable garments.
Which of the following substitutions proves the argument invalid?
a. C = animals, F = cats, S = mammals.
b. C = dogs, F = animals, S = mammals.
c. C = dogs, F = mammals, S = fish.
d. C = mammals, F = animals, S = dogs.
e. C = cats, F = mammals, S = animals.
8.3 If cell phone companies screen text messages, then freedom of speech is threatened. Thus, freedom of speech is not threatened, because cell phone companies do not screen text messages.
Which of the following substitutions proves the argument invalid?
a. C = Abraham Lincoln was assassinated, F = George Washington was assassinated.
b. C = Joe Smith was beheaded, F = Joe Smith is dead.
c. C = Abraham Lincoln was beheaded, F = Abraham Lincoln is dead.
d. C = Abraham Lincoln was assassinated, F = Abraham Lincoln is dead.
e. C = Abraham Lincoln was beheaded, F = Abraham Lincoln is not dead.
8.4 If cell phone companies screen text messages, then freedom of speech is threatened. Thus, freedom of speech is not threatened, because cell phone companies do not screen text messages.
Which of the following correctly expresses the form of this argument?
a) If C then F.
C.
F.
b) Not F.
Not C.
If C then F.
c) All C are F.
C.
F.
d) If C then F.
Not C.
Not F.
e) If C then F.
Not F.
Not C.
8.5 All container ships that are ocean-going are air polluters. Hence, all container ships are air polluters.
Which of the following correctly expresses the form of this argument?
a) All C are A.
All C are O.
b) All C are A.
All C that are O are A.
c) All CS are O.
All CS are A.
d) All C are O.
All C are A.
8.6 All container ships that are ocean-going are air polluters. Hence, all container ships are air polluters.
Which of the following substitutions proves the argument invalid?
a. C = husbands, O = married, A = men.
b. C = men, O = humans, A = mammals.
c. C = men, O = married, A = husbands.
d. C = wives, O = divorced, A = women.
e. C = cats, O = animals, A = dogs.
8.17 All A are B. (T) Contrary
a. No A are B. (Und.)
b. All B are A. (Und.)
c. Some A are B. (T)
d. No A are B. (F)
e. No A are non-B. (T)
8.18 Some A are not non-B. (F) Contradiction
a. Some A are non-B. (T)
b. All A are non-B. (T)
c. Some B are not non-A. (F)
d. Some A are non-B. (T)
e. Some A are B. (T)
8.19 Some non-A are not B. (T) Subcontrary
a. Some non-A are B. (Und.)
b. No non-A are B. (Und.)
c. All non-A are B. (F)
d. Some A are B. (T)
e. Some non-B are not A. (T)
The answers for the questions given are mentioned below respectively.
Define the term expression?In mathematics, an expression is a combination of numbers, variables, and mathematical operations that are arranged in a specific way.
It can be a single number or variable, or a combination of them, along with mathematical operations like addition, subtraction, multiplication, division, exponents, and parentheses.
8.1 - The correct expression of the form of this argument is: a. Some C are F. Some C are not S. Some S are not F.
8.2 - The substitution that proves the argument invalid is: b. C = dogs, F = animals, and S = mammals.
8.3 - The substitution that proves the argument invalid is: e. C = Abrahamm Lincoln was beheaded, F = Abraham Lincon is not dead .
8.4 - The correct expression of the form of this argument is: d. If C then F. Not C. Not F.
8.5 - The correct expression of the form of this argument is: b. All C's are A. All C that are O are the A.
8.6 - The substitution that proves the argument invalid is: c. C=men, O=married, A=husbands.
8.17 - The correct truth value of the statement is: c. Some A are B. (T)
8.18 - The correct truth value of the statement is: e. Some A are B. (T)
8.19 - The correct truth value of the statement is: a. Some non-A are B. (Und.)
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which of the following is equivalent to 3/8? -0.6, square root of 100, 2/5, -2/3, 0.35217534 ...
The option in the question that is equivalent to 3/8 is 2/5.
How to calculate the equivalent of 3/8We can simplify 3/8 and 2/5 so that they have a common denominator:
3/8 = 3*(5/5)/(85/5) = 15/40
2/5 = 2(8/8)/(5*8/8) = 16/40
Since 15/40 and 16/40 have the same denominator, we can compare their numerators to see which is larger:
15/40 < 16/40
Since 16/40 is larger, we can conclude that 2/5 is greater than 3/8.
Therefore, the option that is equivalent to 3/8 is 2/5.
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The cat population in catonsville has been recorded since 2010. The population. p. can be represented by the equation p = 1600(2)t where is time in years since the begging of 2010. What was that cat population 2007
A. 4000
B. 200
C. 800
D. 100
The cat population in Catonsville in 2007 was 200. The answer is option B.
What is population?Population refers to the total number of people, animals, or objects in a particular group or area. It is the entire group or collection of individuals, things, or events that we are interested in studying or describing.
According to question:We can use the given equation to find the cat population at any given time in years since the beginning of 2010. However, to find the population in 2007, we need to make a conversion from years since the beginning of 2010 to years since the beginning of 2007.
From the beginning of 2007 to the beginning of 2010, there are 3 years, so if we subtract 3 from the number of years since the beginning of 2010, we will get the number of years since the beginning of 2007. Therefore, we need to substitute t = -3 into the given equation and solve for p:
[tex]p = 1600(2)^t\\p = 1600(2)^(-3)\\p = 1600(1/8)\\p = 200[/tex]
Therefore, the cat population in Catonsville in 2007 was 200. The answer is option B.
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A certain computer loses half of its value every four years. If the value of the computer after 6 years is $835, what was the initial value of the computer?
The PC is initially worth $3,340.
Given that a computer loses half of its worth after six years, and assuming that value is $835, we must determine the device's original value.
What does the term "starting value" mean?
The starting output value is the initial value.
Let's say that computer's starting value is x.
As a result, after four years,
It is X/2 for the fourth year.
It is X/2 for the fifth year.
It's X/4 in the sixth year.
We stated that the PC will be worth $835 after six years. Hence, we may express it as,
X/4 = $835
X=4( $835)
X= $3,340
Hence, the initial value of the computer is $3,340.
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Estimating the within-group variance. Refer to the previous exercise. Here are the cell standard deviations and sample sizes for cooking enjoyment: Find the pooled estimate of the standard deviation for these data. Use the rule for examining standard deviations in ANOVA from Chapter 12 (page 560) to determine if it is reasonable to use a pooled standard deviation for the analysis of these data.
In the following question, among the given options, the statement is said to be, The pooled estimate of the standard deviation for the data given is √(54.14^2/10 + 24.26^2/10) = 22.74.
According to the rule for examining standard deviations in ANOVA from Chapter 12 (page 560), the within-group standard deviation should be no more than twice the size of the between-group standard deviation. In this case, the between-group standard deviation is 44.85 and the within-group standard deviation (22.74) is less than twice the size of the between-group standard deviation, so it is reasonable to use a pooled standard deviation for the analysis of these data.
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please help asap thanks!
Express the ratio of A's to N's in the word BANANA, in simplest form.
CHOICES!
2:3
1:2
3:2
2:1
Answer:
[tex]3:2[/tex]
Step-by-step explanation:
It is [tex]3:2[/tex] because there are 3 a's in banana, and 2 n's in banana. The question asks the ratio of a's to n's so the number of a's should come first and then the number of n's should come next.
can anyone help me please???
thank you xxxx
Using the property of a kite: the angles formed by two unequal sides of a kite are equal. The value of ∠BCD∠BCD is
∠BCD = ∠BAD ⇒ ∠BCD = 106°
Simplify 4 triangles to 16 squares
The expression 4 triangles to 16 squares when simplified is 1 triangle to 4 squares
How to simplify the expressionGiven that
4 triangles to 16 squares
When expressed as ratio, we have
Triangle : Square = 4 : 16
To simplify the ratio Triangle : Square = 4 : 16, we can divide both the numerator and denominator by their greatest common factor, which is 4.
So, we have
Triangle : Square = 4 : 16
Divide both sides by 4:
Triangle/4 : Square/4 = 1 : 4
So the simplified ratio is 1 : 4, which means for every one triangle, there are four squares.
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A price was first decreased by 12%, then it was decreased again by an additional 5%. What is the percent of the total decrease?
The answer is not 17%.
Please help!!!!
10 PTS
Answer:
83.6%
Step-by-step explanation:
Let's say the original price is x
x decreased by 12% means 88% of x is left.
0.88x decreased by 5% means 95% of 0.88x is left.
This means the answer is: 0.88x * 0.95 = 0.836
The percent of the total decrease is 83.6%
Hope this helps :)
Have a great day!
Help me with this please!!!
Answer:
7
Step-by-step explanation:
x + 3 = 10
x + 3 - 3 = 10 - 3
x = 7
11. twenty batteries will be put on the display. the types of batteries are: aaa, aa, c, d, and 9-volt. a. how many ways can we choose the twenty batteries? b. how many ways can we choose the twenty batteries but be sure that at least four batteries are 9-volt batteries?
a.
There are 15,504 ways to choose 20 batteries from the given types.
b.
there are 18,564 ways to choose 20 batteries such that at least four of them are 9-volt batteries.
How do we calculate?To choose 20 batteries from the given 5 types (aaa, aa, c, d, and 9-volt), we can use the combination formula and is given by:
nCr = n! / (r! * (n-r)!)
5C20 = 5! / (20! * (5-20)!) = 15,504
there are 15,504 ways to choose 20 batteries from the given types.
b. To choose 20 batteries such that at least four of them are 9-volt batteries, we employ the method:
First, we choose four 9-volt batteries out of the total number of 9-volt batteries, which is 1.
we then need to choose the remaining 16 batteries from the remaining 4 types (aaa, aa, c, and d), while making sure that we don't choose any 9-volt batteries.
Applying the combination formula, with n = 4 and r = 16:
4C16 = 4! / (16! * (4-16)!) = 18,564
Therefore, the total number of ways to choose 20 batteries such that at least four of them are 9-volt batteries is:
1 * 18,564 = 18,564
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A square field has a side length of 6x10³ meters. Which of the following is its area in square meter
(1) 6x106
(3) 36x106
(2) 36×10⁹
(4) 6x10⁹
Answer:
36 × 10^6 m²
Step-by-step explanation:
Given the side length of a square = 6 × 10³m,
To solve for the area of a square, use the following formula:
A = S² where:
S = side of the square
Substitute the given value for the side into the formula:
A = S²
A = (6 × 10³)²
A = 36000000 or 36 × 10^6 m²
NOTE:
6 × 10³ is also the same as 6 × 1000 = 6000,
(6 × 10³)² is essentially 6,000² = 36,000,000
Therefore, its area in square meters is 36 × 10^6
What is an abiotic factor that can prevent the organism from becoming preserved, AFTER it has been buried?
Answer options:
1. Groundwater
2. Predators & animals that eat bones.
3. Scavengers & plants that use the nutrients of fossils.
4. Other animals of the same species as the organism that died.
The abiotic factor that can prevent the organism from becoming preserved, AFTER it has been buried is groundwater.
What is an abiotic factor that can prevent the organism from becoming preserved, AFTER it has been buried?An abiotic factor refers to a non-living component of an ecosystem that influences the survival and growth of living organisms.
Groundwater can cause the dissolution of minerals present in the sediment that encases the buried organism.
This process can lead to the destruction of the fossilized remains, as the minerals provide the framework for the preservation of the organism's hard parts (such as bones or shells).
Groundwater can also cause the erosion of the sediment, which can expose the buried remains and make them vulnerable to biotic factors such as scavengers, predators, and decomposers.
Predators and animals that eat bones, scavengers and plants that use the nutrients of fossils, and other animals of the same species as the organism that died are all biotic factors that can affect the preservation of the organism, but they do so before or during the burial process.
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You put $200 at the end of each month in an investment plan that pays an APR of 4. 5%. How much will you have after 18 years? Compare this amount to the total deposits made over the time period.
a.
$66,370. 35; $43,200
c.
$66,380. 12; $43,000
b.
$66,295. 23; $43,000
d.
$66,373. 60; $43,200
As per the given APR, the sum of amount after 18 years is $66,373. 60, and the total deposits made over the time period is $43,200. (option d).
To calculate this, we can use the formula for future value of an annuity:
FV = PMT x (((1 + r)⁻¹) / r)
where FV is the future value, PMT is the monthly payment, r is the monthly interest rate (which is calculated by dividing the APR by 12), and n is the number of payments (which is 18 x 12 = 216 in this case).
Plugging in the numbers, we get:
FV = $200 x (((1 + 0.045/12)²¹⁶ - 1) / (0.045/12)) = $66,373.60
Therefore, you would have approximately $66,373.60 in your investment plan after 18 years.
Now let's compare this amount to the total deposits made over the time period. In this case, the total deposits would be:
$200 x 12 x 18 = $43,200
Hence the correct option is (d).
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Daniel is paid an hourly rate of $9. 00 plus six percent commission on direct phone sales. Last week he worked 48 hours and received $72. 00 in commissions. What was his pay for the week?
Daniel's pay for the week was $504.00, which includes his hourly pay and his commission on direct phone sales.
To calculate Daniel's pay for the week, we need to find his total earnings, which include his hourly wage and his commission on direct phone sales.
First, let's calculate his commission on direct phone sales. We know that he received $72.00 in commissions, and we also know that his commission is six percent of his sales. So, we can use the formula:
Commission = Sales x Commission Rate
To find his sales, we can rearrange the formula to:
Sales = Commission / Commission Rate
Plugging in the given values, we get:
Sales = $72.00 / 0.06 = $1200.00
So, Daniel's direct phone sales for the week were $1200.00.
Now, let's calculate his hourly pay. He worked for 48 hours at a rate of $9.00 per hour, so his hourly earnings were:
Hourly Pay = Hours Worked x Hourly Rate
Hourly Pay = 48 x $9.00 = $432.00
Finally, we can add his commission and his hourly pay to find his total earnings for the week:
Total Pay = Hourly Pay + Commission
Total Pay = $432.00 + $72.00
Total Pay = $504.00
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