Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:
Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:
Evaluate. Hence:
The total amount due after five years is $57,000.
17/8 -11/3
51/24-88/24
-37/24 simplified is -1 13/24
Answer:
Step-by-step explanation:
A. Rate of change (or slope) is $50
The initial tutoring fee starts out at $1200 in 2005
How do you know? Each year the cost goes up $50
2005 = $1200
2006 = $1250
2007 = $1300
2008 = $1350
B. y=50x+b
Answer:
Step-by-step explanation:
The average value of all the pennies, nickels, dimes, and quarters in Paula's purse is 20 cents. If she had one more quarter, the average value would be 21 cents. How many dimes does she have in her purse
