a swim school is expanding and needs to take out a one-year, $55,000 loan for a new lap pool. bank a says it can give the swim school a 25% annual interest rate compounded once. this is represented with the equation a=55,000(1.25)t. bank b says it can offer the swim school a semi-annual interest rate that will be compounded twice.
in order for the loan at bank b to cost the swim school the same amount, what apr would bank b need to offer?
rewrite the compound interest formula to find the answer.
a) a≈55,000(1.118)2t apr≈47.2%
b) a≈55,000(1.252)2t apr≈25%
c) a≈55,000(1.25)4t apr≈20.8%
d) a≈55,000(1.118)2t apr≈23.6%

answer by yourhope:

hi! : )

a farmer that lived in ancient egypt would most likely be barried in the sand, in the desert!

: )

14 ft 7 inches

step-by-step explanation:

since each model inch corresponds to 25 real inches, 7 model inches will correspond to

7×25" = 175"

at 12" per foot, that is 14 feet, 7 inches.

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step-by-step explanation:

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hello, sorry being so rude after all that fighting i found it kind of funny, so as me saying sorry here is an answer!

since the table showed her that   2km = 2000m.

to determine, how many km in 2000m, she would divide by 1000.

= 2000 / 1000 = 2 km.

similarly, for 8000m = 8000 / 1000 = 8 km

cheers to savings

~

your pal papaguy