The pertinent formula is A = P (1 + r/n )^(nt), where
P is the original amount of money (Principal),
A is the compound amount,
r is the annual interest rate, expressed as a decimal fraction,
n is the # of compounding periods per year, and
t is the # of years.
Here, A = $35000 ( 1 + 0.04/4)^(4*6)
= $35000 (1.01)^24
= $35000 (1.2697) = $44440.71
The answer is 29,032,000,000
Answer:
Since he can't work a fraction of a day, he'll have to work at least 6 days to have enough money for the tank. The inequality hat represents his situation is 23*x + 20 >=140.
Step-by-step explanation:
In order to create an inequality to this problem we first need to take the initial amount he has and sum it with the days he has to work "x" multiplied by the amount he earns each day. We then have:
saleem money = 20 + 23*x
Since he wants to buy a $140 fish tank he needs to work until his money is greater or equal than this amount. So we have:
23*x + 20 >= 140
23*x >= 140 -20
23*x >= 120
x >= 120/23
x >= 5.22
Since he can't work a fraction of a day, he'll have to work at least 6 days to have enough money for the tank. The inequality hat represents his situation is 23*x + 20 >=140.
