First, find how much he paid by tire.
To do so, divide what he paid by how many tires he bought like this :
240$ / 12 = 20$ per tire
Then, calculate how much he sells each tire.
To do so, start by calculating how much he paid for 3 tires:
20$ x 3 = 60$
This is the price he sells 2 tires for, therefore :
60$ / 2 = 30$
he sells his tires 30$ each.
Finally, you have to calculate the profit he made by selling 12.
We already know how much it cost, so you need to find how much money he gets selling them :
12 tires x 30$ = 360$
To find the profit, take off the amount he paid from the amount he made :
360$ - 240$ = 120$
There you go!
2p=p(1+0.065/12)^12t
2=(1+0.065/12)^12t
Solve for t
T= [log(2)/ log(1+0.065/12)] /12
T= 10.7 years or if you want to round it would be 11
Answer: 10.7 years or 11 years
Answer: You can use the compound interest formula: A=P(1+interest)^n
A=the new capital
P=the capital invested
n= the #of monthly
Hope this helps (:
Answer:
p = - 5
Step-by-step explanation:
–2.5p – 20 = 9p + 37.5
combine like terms:
- 2.5p - 9p = 37.5 + 20
simplify:
- 11.5p = 57.5
p = 57.5 / -11.5
p = - 5
Step-by-step explanation:
Hope you understand through the steps on the attachment, if not kindly reach out
