Ask question

Ask question

All categories

1 year ago

8

Mr. Hollins determines that he gives away $800 each month. If he gives away 16% of his budget, then how much is his overall budg

et

1 answer:

Fynjy0 [20]1 year ago

6 0

Answer:

5000 dollars

Step-by-step explanation:

Let his budget be x

16% of x is 800 dollars

.16 * x = 800

Divide each side by .16

.16x/.16 = 800/.16

x=5000

His budget is 5000 dollars

You might be interested in

A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years. With all else equal, what is th

irga5000 [103]

Answer:

The future value of this initial investment after the six year period is $2611.6552

Step-by-step explanation:

Consider the provided information.

A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.

Future value of an investment: $FV=P(1+r)^n$

Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.

9% compounded semiannually for 6 years.

Therefore, the value of r is: $r=\frac{0.09}{2}=0.045$

Number of periods are: 2 × 6 = 12

Now substitute the respective values in the above formula.

$FV=1540(1+0.045)^{12}$

$FV=1540(1.045)^{12}$

$FV=1540(1.69588)$

$FV=2611.6552$

Hence, the future value of this initial investment after the six year period is $2611.6552

6 0

3 years ago

51 degrees 44 degrees 31 degrees 42 degrees 52 degrees 39 degrees and 55 degrees what are the average median and mode of these t

yarga [219]

Median = 44 mode= none

6 0

2 years ago

Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value o

mixer [17]

For 1 year, the house appreciates $4375 (3.5% of 125,000). Therefore after 10 years, $4375(10) = $43750. $125,000+ $43750 = $168,750.

6 0

2 years ago

Read 2 more answers

Duncan cycled from Town A to Town B at a speed of 12 km/h. He took 3 hours to cover of the trip. Find the distance between the t

madam [21]

If he travels 12km/h for 3 hours then he went 36km in 3hr. The answer is 36km.

5 0

3 years ago

Read 2 more answers

How do I solve number 10? I'm not sure if I did it right.

grandymaker [24]

No, you did it right

3 0

2 years ago