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Alik [6]
3 years ago
8

Paula a college student earned $3,600 one summer during the following semester she spent $2500 for tuition $650 for rent and $43

4 food the rest went for miscellaneous expenses what fractions show the amounts Paula spent on tuition rent food and miscellaneous expenses
Mathematics
1 answer:
Fed [463]3 years ago
3 0
The fraction you are looking for is expenses/earnings 

So (2500+650+434)/3600
=224/225 

If you want to turn this into a percentage just multiply by 100, to give you 99.56%.
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Here, we are given that:

Amount, A = $15000

Rate of interest = 13 % compounded quarterly i.e. 4 times every year

Number of times, interest is compounded each year, n = 4

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To find, Principal P = ?

Putting all the given values in the formula to find P.

15000 = P(1 + \frac{13}{400})^{4\times 4}\\\Rightarrow 15000 = P(1 + 0.0325)^{16}\\\Rightarrow 15000 = P(1.0325)^{16} \\\Rightarrow 15000 = P \times 1.66817253\\\Rightarrow P = \dfrac{15000}{1.66817253}\\\Rightarrow P \approx \$8991.88

So, <em>the principal must be = $8991.88</em>

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