The interest rate needed to double the investment in 18 years is 6%.
<h3>What is the interest rate?</h3>
Interest earned is a function of the amount invested, interest rate and time. The future value of the investment is to be $6000 (3000 x 2). Interest earned would be $3000 (6000 - 3000)
Interest rate = interest earned / (amount invested x time )
$3000 / ($3000 x 18) = 6%
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Answer:
A box has 6 pencils. Each pencil weighs x grams. The 6 pencils weigh a combined total of 54 grams.
Step-by-step explanation:
Answer: $357
Step-by-step explanation:
Given , The rate of commission earned by Mike on selling 1 TV set = 8.5%= 0.085 [ To convert percent into decimal we divide it by 100]
Cost of 1 TV = $120
Then , Commission he earns on selling 1 TV = (Rate of commission) x(Cost of 1 TV)
= (0.085) x (120)
= $10.2
That means , the commission he will earn on selling 365 TV sets = 35 x (Commission he earns on selling 1 TV )
= 35 x (10.2) = $357
Hence, he will make $357 as commission if store sells 35 TV sets.
4 Blocks West, 5 Blocks East, 1 Block East, 2 Blocks West
W = West
E = East
<h2>4W + 5E + 1E + 2W</h2>
Simplify, by collecting like terms.
<h2>6W + 6E</h2>
Answer:
<h3>
x = 35</h3>
Step-by-step explanation:
If points A, B, and C are collinear and point B is the midpoint of AC then
AB = BC
12x - 398 = 22
+ 398 + 398
12x = 420
÷12 ÷12
x = 35
