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stich3 [128]
3 years ago
14

Lloyd solves the equation 24x + 18(x – 2) = 216 for x. Some of his steps are shown.

Mathematics
1 answer:
ANTONII [103]3 years ago
4 0

Answer:

24+18x-36=216

-12+18x=216

18x=216+12

18x=228

x=228/18

x=30/3

Step-by-step explanation:

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Answer:

We conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

Step-by-step explanation:

Given

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To determine

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Using the compound interest equation

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

where:

A represents the Accrue Amount

P represents the Principal Amount

r represents the interest rate

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n represents the number of compounding periods per unit t

Important tip:

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now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

A=2500\left(1+\frac{0.05}{6}\right)^{\left(6\right)\left(8\right)}

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Therefore, we conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

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