Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
You have the right one selected.
The answer is 2:1
To find this take each side of ABC and its corresponding side on DEF, then simplify. You can treat ratios just like fractions, so simplify them in the same way.
20:10 becomes 2:1
12:6 becomes 2:1
16:8 becomes 2:1
The answer is C, you can tell because the b=-1, so that eliminates d, then you know the slope is positive because of the direction it goes, so that eliminates a. Then if you look at the slope, it goes up 3 over 1, so that makes the answer C.
Hope this helps
You can solve this by using the system of equations.
Jan - 4.95 = 2H + 3C
Wayne - 5.45 = 3H + 2C
Use elimination.
-3(2H + 3C = 4.95)
2(3H + 2C = 5.45)
Solve. And you'll get:
-6H + (-9C) = -14.85
6H + 4C = 10.9
Cross out -6H and 6H because they cancel out. And you're left with:
-9C = -14.85
4C = 10.9
Add -9C with 4C, and -14.85 with 10.9.
-5C = -3.95
Divide each side with -5.
C = $0.79
Now to figure out what H is, just substitute the C in one of the equations with 0.79.
5.45 = 3H + 2(0.79)
5.45 = 3H + 1.58
-1.58 -1.58
3.87 = 3H
3.87/3 = 3/3(H)
1.29 = H
Finished!
