Answer:
<u>Answer</u><u>:</u><u> </u><u>B</u>
Answer:
5 years
Step-by-step explanation:
Principal Amount to be paid=$4500
Interest rate = 2%
Number if Times compounded= number of years
Number of years = x
Among total= $5010
A= p(1+r/n)^(nt)
But n= t =x
A= p(1+r/x)^(x²)
5010=4500(1+0.02/x)^(x²)
5010/4500 = (1+0.02/x)^(x²)
1.11333=( 1+0.02/x)^(x²)
Using trial and error method the number of years maximum to give approximately $5010 is 5 years
Answer:
x = 7, y = 30 and x = 3, y = 10
Step-by-step explanation:
5x - y = 5, then y = 5x - 5
2y - x^2 = 11
2(5x - 5) - x^2 = 11
10x - 10 - x^2 = 11
-x^2 + 10x -10 = 11
-x^2 + 10x -21 = 0
x^2 - 10x + 21 = 0
(x - 7)(x - 3) = 0
x = 7, y = 30
x = 3, y = 10
Net Income: I=$1,240.00
Food: F=$150.00
Car payment: C=$244.00
Rent: R=$300.00
Saving: S=$50.00
Other things: O=?
F+C+R+S+O=I
$150.00+$244.00+$300.00+$50.00+O=$1240.00
Solving for O:
$744.00+O=$1240.00
$744.00+O-$744.00=$1240.00-$744.00
O=$496.00
Percent of his net income Victor can spend on other things: P=?
P=(O/I)*100%
P=($496.00/$1240.00)*100%
P=(0.40)*100%
P=40%
Answer: 40% of his net income Victor can spend on other things.
