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Burka [1]
3 years ago
10

Mr. Hall deposited money into an account in which interest is compounded quarterly at a rate of 2.6%. How much did he deposit if

the total amount in his account after 4 years was $7160.06, and he made no other deposits or withdrawals?
Mathematics
1 answer:
Amanda [17]3 years ago
8 0
The formula of this equation would be x_{0}* 1.026^16 = 7,160.06
So from this equation we know that x_{0} =  \frac{7,160.06}{1.026^{16} }
Now we need to find the value of x, we need to multiply x_{0} * 1.026 16 times. Which will bring us to your answer. $4,748.53
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Mumz [18]

Joanna bought 7 notebooks and 14 pencils

Step-by-step explanation:

Step 1 :

Let x denote the number of notebooks and y denote the number of pencils Joanna bought.

Cost of one notebook = $ 2.30

Cost of one pencil = $1.42

Step 2 :

Total of notebooks and pencils bought  = 21

=> x + y = 21 => y = 21-x

Total cost of notebooks and pencils = $35.98

=> 2.3x + 1.42y = 35.98

Substituting y = 21- x here , we have,

2.3x + 1.42 ( 21-x) = 35.98

2.3x + 29.82 - 1.42x = 35.98

0.88 x = 6.16

=> x = 7

y = 21-x = 21-7 = 14

Step 3 :

Answer :

Joanna bought 7 notebooks and 14 pencils

6 0
3 years ago
In a game between two teams a and b, john is set to win 200 dollars if a wins, and 100 dollars if b wins. john calculates his ex
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According to his calculations, b has a 3/10 chance to win

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3 years ago
if the point (-4,5) and (0,2) are used to find the slope of the line the slope is -3/4 what is the slope if the points (0,2) and
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2- -1=3
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The slope is -3/4 which is the same as before
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cestrela7 [59]
(6+2*3)/(9-7)^2
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3 years ago
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