Since this is a problem in exponential growth/decay, y = ab^x is the formula that will be used to solve this problem.
The initial value, "a", is the value you start out with and in this case, it is $2000.
The growth/decay factor is what "b" represents, and it is 4%. We need to change the percentage into a decimal, so we will take the percent symbol, change it into a decimal, and move it two places to the left. This is make it 0.04. The problem also mentions interest, implying an exponential growth. Therefore, you will add 0.04 by 1: 1+0.04 = 1.04.
The "x" represents an amount of time. It is 5 years. The equation should be written like this:
y = 2000(1.04)^5
y = 2433.30. When rounded to the nearest dollar, it is $2433.
Answer:
Step-by-step explanation:
J and K are equal
8x - 23 = 6x + 11 Add 23 to both sides
8x = 6x + 11 + 23 Combine the right
8x = 6x + 34 Subtract 6x from both sides
8x - 6x = 34 Combine the left
2x = 34 Divide by 2
x = 34/2
x = 17
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M and L are both supplementary to J and K respectively.
J = 8x - 23
J = 8*17 - 23
J = 136-23
J = 113
K = 113
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M + 113 = 180
M = 180 - 113
M = 67
L = 67
Answer:
It would be 14.1
Step-by-step explanation:
6% of 14 is 0.9, so subtracting that from 15 would leave you with 14.1
in order to get the percentage you would just need to divide 6,840 by 38,000 (6840/38000 = .18)
this gives you .18
.18 is equivalent to 18%
John paid 18% of his earnings on entertainment.
Answer:
true
Step-by-step explanation:
true
