Use the appropriate formula to solve the problem.Levi borrowed $5709 at 9% simple interest for 6 months. How much will the interest amount to? What is the total amount that Levi will have to pay back at the end of 6 months? Round answers to the nearest cent if necessary.
A. $259.06; $5968.06
B. $256.91; $5965.91
C. $214.09; $5923.09
D. $299.72; $6008.72
Answer: B
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Use the present value formula to determine the amount to be invested now, or the present value needed.The desired accumulated amount is $3800 after 4 years invested in an account with 5% interest compounded annually.
A. $3282.58 B. $4618.92 C. $673.73 D. $3126.27
Approximate the number using a calculator. Round your answer to three decimal places.e-1.5
A. -4.077 B. -0.223 C. 0.523 D. 0.223
Round as indicated.5087 to the nearest ten
A. 5100 B. 5090 C. 5190 D. 5080
Determine whether the given sequence is arithmetic, geometric, or neither. If the sequence is arithmetic, find the common difference; if it is geometric, find the common ratio.{5n2 - 3}
A. Geometric; r = 5 B. Arithmetic; d = -3 C. Arithmetic; d = 5 D. Neither