Answer:
Step-by-step explanation:
A)Initial amount deposited into the account is $6500 This means that the principal is P, so
P = 500
It was compounded daily. This means that it was compounded 360 times in a year. So
n = 360
The rate at which the principal was compounded is 3%. So
r = 3/100 = 0.03
It was compounded for 5 years. So
t = 5
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 6500 (1+0.03/360)^360×5
A = 6500 (1+0.00008333333)^360×5
A = 6500 (1.00008333333)^1800
A = $7551.70
B) The interest earned is Total amount earned - principal. It becomes
7551.7 - 6500 = $1051.7
Answer:
21.50
Step-by-step explanation:
Let C = cost before markup
1.25 C = 26.88
C = 26.88/1.25 = 21.50
Answer:
x ≥ 6; see below for a graph
Step-by-step explanation:
First inequality
7x -6 > 8
7x > 14 . . . . . . add 6
x > 2 . . . . . . . .divide by 7
Second inequality
3x+4 ≥ 22
3x ≥ 18 . . . . . . subtract 4
x ≥ 6 . . . . . . . . divide by 3
The values of x that will satisfy both inequalities are x ≥ 6. (All of those values are > 2.)
The solution to the inequalities is x ≥ 6.
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Your graph will have a solid dot at x=6, indicating 6 is part of the solution set. It will be shaded to the right, with an arrow at the right end.