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Mila [183]
2 years ago
11

you can afford to invest $150 per month in an annuity that earns 4% per year, compounded monthly. How long will it take before y

our investment is worth $6000?
Mathematics
1 answer:
Nonamiya [84]2 years ago
6 0

The time it will take before your investment is worth $6000 = 7 years

<h3>Calculation of simple interest </h3>

The amount of money invested per month = $150

Therefore the amount principally invested yearly;

= 12 × 150 = $1,800

Simple interest = $6000

Rate = 4%

Time = ?

Using the formula for Simple interest (SI)= P×T×R/100

Make T the subject of formula,

T = SI × 100/P×R

T = $6000×100/1800×4

T = 600000/7200

T= 83 months/ 12 = 7 years

Learn more about simple interest here:

brainly.com/question/20690803

#SPJ1

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What value in place of the question mark makes the polynomial below a
mel-nik [20]

Answer:

36

Step-by-step explanation:

Given

x² + 12x

To make the polynomial a perfect square

add ( half the coefficient of the x- term)²

= x² + 12x + 6²

= x² + 12x + 36

= (x + 6)² ← a perfect square

5 0
3 years ago
Michael took a graduate course at Caldwell college that cost $1,875. He had to take a student loan at a rate of 5 1/2% out to pa
il63 [147K]

Answer:

interest paid = $206.25

course = $1,875.00

total = $2,081.25

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 1875(.055)(2)

I = 206.25

5 0
3 years ago
Wich is a factor of x^2+ 5x-24?
Nimfa-mama [501]

Answer:

(x−3)(x+8)

Step-by-step explanation:

Let's factor x2+5x−24

x2+5x−24

The middle number is 5 and the last number is -24.

Factoring means we want something like

(x+_)(x+_)

Which numbers go in the blanks?

We need two numbers that...

Add together to get 5

Multiply together to get -24

Can you think of the two numbers?

Try -3 and 8:

-3+8 = 5

-3*8 = -24

Fill in the blanks in

(x+_)(x+_)

with -3 and 8 to get...

(x-3)(x+8)

Answer:

(x−3)(x+8)

<em><u>Hope this helps.</u></em>

6 0
3 years ago
The temperature dropped 5 degrees every hour during 8 hours. How much the temperature drop in all?
Murrr4er [49]

Answer:

<h3>40 degrees</h3>

Step-by-step explanation:

If the temperature dropped 5 degrees every hour, this can be expressed as;

5 degree = 1 hour

To get the total number of degree dropped fro 8hours, we will say;

x degree = 8hours where x is the temperature drop in all

Solving both equality

5 degree = 1 hour

x degree = 8 hours

cross multiply

x * 1 = 5 * 8

x = 40 degrees

<em>Hence the total temperature drop in all is 40°</em>

7 0
4 years ago
Amanda bought 6 pairs of jeans for $135.48. How much would she need to pay for 9 pairs of jeans?
yaroslaw [1]

Answer:

$203.22

Step-by-step explanation:

Find out how much each pair of jeans cost:

\frac{price}{pairs} =\frac{135.48}{6} =\frac{135.48/6}{6/6}= 22.58

Each pair of jeans cost $22.58.

Multiply the unit price by 9 to get the total price for 9 jeans:

22.58*9=203.22

Amanda should be paying $203.22 for 9 pairs of jeans.

6 0
3 years ago
Read 2 more answers
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