Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
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Step-by-step explanation:
x = price per video game
y = price per CD
164 = 5x + 3y
and then we know
x = y + 12
now we can use this as substitute in the first equation :
164 = 5(y + 12) + 3y = 5y + 60 + 3y = 8y + 60
104 = 8y
y = $13
x = y + 12 = 13 + 12 = $25
so, each CD costs $13.
Answer:
a. y = 265 + 5x
b. 500 = 265 + 5x
5x = 500 - 265
5x = 235
x = 235/5
x = 47
She took 47 aerobic classes.
Step-by-step explanation:
Total Cost is yearly cost + 5 into however many aerobic classes you take.
Find the number of classes by substituting values in the equation.