5.5b + 4R =28 according to the equation how much does Amit spend in total on both types of berries.
2 answers:
Answer:
$28
Step-by-step explanation:
We have been given an equation , where B represents pounds of blueberries and R represents pounds of raspberries.
We are also told that cost of each pound of blueberries is $5.50 and cost of each pound of raspberries is $4.00.
We can see that total cost of B pounds of blue berries and R pounds of raspberries is equal to 28.
Therefore, Amit spend $28 on both types of berries.
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Given:
Future Value = $15,000
time (t) = 11 years
rate (r) = 4.4% or 0.044
number of conversions per year (m) = 365
Find: Initial amount or the Principal
Solution:
Formula for Compound Interest is:
From that, we can derive the formula for the Principal or the initial amount.
Let's plug in the given data above to the formula of the principal value.
Then, solve for P.
Answer: You must invest $9, 244.97 to the account in order to get $15,000 after 11 years.