Answer:
X = 19/24
Step-by-step explanation:
Move the constant: 4x = 5/3 + 3/2
Add The Fractions: 5/3 + 3/2 = 19/6
Divide Both sides by 4: 4x/4 = 0. 19/6 ÷ 4 = 19/24
The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
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Answer:
x=10, y=-5
Step-by-step explanation:
2x+3y=5, y= 5-x; change y to 5-x:
2x+3(5-x)=5
2x-3x+15=5
-x=5-15
-x=-10
x=10
=>y=5-x=5-10=-5
Answer:
The answer is 17/80.
Step-by-step explanation:
