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Veseljchak [2.6K]
3 years ago
5

Mr. Smith wishes to retire in 13 years. When he retires he would like to have $300,000 in his bank account. Mr. Smith's bank pay

s 8% per year compounded annually. How much should he deposit now to attain his goal?
Mathematics
1 answer:
mel-nik [20]3 years ago
3 0
I believe he would need to deposit about $67,500
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Answer:12c + 30b ≤ 360

Step-by-step explanation:

Your math problem requires us to convert the word problem into math before we can solve the math. So let's try to do that first.

First, let's make a math equation to represent the amount of time.

The amount of time to bake "c" batches of cookies = (# of minutes per batch) x (# of batches) = 12 x c = 12c

Similarly for the amount of time to bake "b" batches of brownies = (# of minutes per batch) x (# of batches) = 30 x b = 30b

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This person wants the (total amount of time) to be "at most 6 hours" but we can't just put "6" as our number because the other amounts of time are in "minutes".

6 hours * 60 minutes in an hour = 360 minutes

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