n - 4 = 16 Given
+ 4 + 4 Cancel out 4 to isolate n variable
n = 20
Prove.
20 - 4 = 16
16 = 16
True.
Answer:
25, 26, 27
Step-by-step explanation:
78/3=26, so one number is 26 and the other numbers have to equal 52, so the numbers have to either be 24,25,27,28. 25+27=52,
Current amount in account
P=36948.61
Future value of this amount after n years at i=11% annual interest
F1=P(1+i)^n
=36948.61(1.11)^n
Future value of $3000 annual deposits after n years at i=11%
F2=A((1+i)^n-1)/i
=3000(1.11^n-1)/0.11
We'd like to have F1+F2=280000, so forming following equation:
F1+F2=280000
=>
36948.61(1.11)^n+3000(1.11^n-1)/0.11=280000
We can solve this by trial and error.
The rule of 72 tells us that money at 11% deposited will double in 72/11=6.5 years, approximately.
The initial amount of 36948.61 will become 4 times as much in 13 years, equal to approximately 147800 by then.
Meanwhile the 3000 a year for 13 years has a total of 39000. It will only grow about half as fast, namely doubling in about 13 years, or worth 78000.
Future value at 13 years = 147800+78000=225800.
That will take approximately 2 more years, or 225800*1.11^2=278000.
So our first guess is 15 years, and calculate the target amount
=36948.61(1.11)^15+3000(1.11^15-1)/0.11
=280000.01, right on.
So it takes 15.00 years to reach the goal of 280000 years.
Answer:
$17.01
Step-by-step explanation:
To find the the price, you must find price per pound x how many pounds you will be priced for
price per pound x how many pounds you will be priced for
This is represented by 3.78 x 4.5
3.78 x 4.5 = 17.01
$17.01 is the cost of 4.5 pounds of almonds
