The formula is
A=p (1+r/k)^kt
A fund needed 30000
p Amount invested?
R interest rate 0.1
K compounded semiannual 2
T time 1 year
Solve the formula for p to get
P=A÷(1+r/k)^kt
P=30,000÷(1+0.1÷2)^(2×1)
P=27,210.88
Before you get started, take this readiness quiz.
Write as an inequality: x is at least 30.
If you missed this problem, review (Figure).
Solve 8-3y<41.
If you missed this problem, review (Figure).
Solve Applications with Linear Inequalities
Many real-life situations require us to solve inequalities. In fact, inequality applications are so common that we often do not even realize we are doing algebra. For example, how many gallons of gas can be put in the car for ?20? Is the rent on an apartment affordable? Is there enough time before class to go get lunch, eat it, and return? How much money should each family member’s holiday gift cost without going over budget?
The method we will use to solve applications with linear inequalities is very much like the one we used when we solved applications with equations. We will read the problem and make sure all the words are understood. Next, we will identify what we are looking for and assign a variable to represent it. We will restate the problem in one sentence to make it easy to translate into an inequality. Then, we will solve the inequality.
Emma got a new job and will have to move. Her monthly income will be ?5,265. To qualify to rent an apartment, Emma’s monthly income must be at least three times as much as the rent. What is the highest rent Emma will qualify for?
Answer:
58
Step-by-step explanation:
5^2 = 5 x 5 = 25
3 x 7 = 21
25 + 21 + 12
