<h2><u>EQUATION</u></h2><h3>Exercise</h3>
2(3 + 3y) + y = 11
First, apply the distributive property:
2(3 + 3y) + y = 11
6 + 6y + y = 11
6 + 7y = 11
Substract 6 from both sides:
6 - 6 + 7y = 11 - 6
7y = 5
Divide both sides by 7:
<h3><u>Answer</u>. The value of y = 5/7.</h3>
The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer:
If you divide the amount $60.20 (60.20) by 5 (amount of hours), you can find out the amount of money Andrew gets paid in dollars per hour. The quotient is 12.04, $12.04. Therefore, Andrew is payed $12.04 per hour.
Step-by-step explanation:
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