Answer:
Mildred is correct because she distributed 5 correctly
Step-by-step explanation:
We cannot tell exactly which solution goes with which student, but we believe you are saying ...
Mildred’s Solution:
5 (Negative 2 and one-fourth) = 5 (negative 2 minus one-fourth)
= negative 10 minus StartFraction 5 over 4 EndFraction
= negative 11 and one-fourth
This solution describes the correct distribution of 5. Whoever it belongs to gave the correct solution.
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
$7881.18
Step-by-step explanation:
Let the initial Investment be
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here
is the interest rate, i.e
, and t is the number of time periods, i.e
= 


∴ Initial Investment = $7881.18
Complete question :
At camp in Green Bay, Wisconsin, 7/9 of the participants were from Wisconsin. Of that group 3/5 were 12 years old. What fraction of the group was from Wisconsin and 12 years old?
Answer:
7/ 15
Step-by-step explanation:
Fraction from Wisconsin = 7/9
Fraction who are 12 years old = 3/5
Fraction who are from Wisconsin and 12 years old
(Fraction from Wisconsin * Fraction who are 12 years old)
(7 / 9 * 3/ 5)
= (7 * 3) / (9 * 5)
= 21 / 45
= 7 / 15