Samantha wants to use her savings of 1150 to buy shirts and watches for her family. The total price of the shirt she bought was
1 answer:
<u>Answer-</u>
<em>The maximum number of watches that Samantha come by with her savings is </em><em>10</em><em>.</em>
<u>Solution-</u>
The amount of money Samantha has in her savings account = $1150
She wants to buy shirts and watches.
Cost of one shirt = $84
Cost of each watch = $99
Let she can buy maximum of x watches, so the net price of the watches is $99x.
Then,
As the number of watches can not be in fraction, so at most she can buy 10 watches.
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Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.
Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Answer:
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Answer A : 11.2 ≤ X ≤ 29.2
Step-by-step explanation: