N - 2 = 10n + 4/2
-2 = 9n + 4/2
-4/4 = 9n
-1 = 9n
-9 = n
N is -9.
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The answer for 4 is 12..
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$7881.18
Step-by-step explanation:
Let the initial Investment be
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here
is the interest rate, i.e
, and t is the number of time periods, i.e
= 


∴ Initial Investment = $7881.18
If he bought the bike for $400 and lost 35% of his profit, you would divide 35 by 100. Next, you would multiply that number (0.35) by 400. When you do that, you get an answer of $140. In conclusion, if he bought the bike for $400 and sold it at a loss of 35%, he would lose $140 from that $400.
Additionally, if you wanted to know what exactly he sold it for, you would simply subtract 140 from 400. Which would be $260.
So, he bought the bike for $400, but when he resold it, he lost $140 of that pay. Basically, he resold the bike for $260.
I hope this helps! :) Let me know if you need help with anything else!