Answer:
Step-by-step explanation:
The standard compound interest formula is given by:
Where A is the amount afterwards, P is the principal, r is the rate, n is the times compounded per year, and t is the number of years.
Since we are compounding annually, n=1. Therefore:
Lester wants to invest $10,000. So, P=10,000.
He wants to earn $1000 interest. Therefore, our final amount should be 11000. So, A=11000.
And our timeframe is 3.3 years. So, t=3.3. Substituting these values, we get:
Let’s solve for our rate r.
Divide both sides by 10000:
We can raise both sides to 1/3.3. So:
The right side will cancel:
So:
Use a calculator:
So, the annual rate of interest needs to be about 0.03 or 3% in order for Lester to earn his interest.
<span>distributive property
</span><span>B. −3⋅(6.48)=(−3⋅6)+(−3⋅0.4)+(−3⋅0.08) </span>
Point-slope form is y - y1 = m(x - x1). We just need to plug in our stuff. This gives us y - 9 = 4(x - 3). I am not sure if you need to simplify, but if you do, y - 9 = 4x - 12.
Answer:
His monthly sales goal if he budgets $3750 as his monthly income is $15000.
Step-by-step explanation:
From the information given, the formula to calculate the salary that Ron earns would be:
Total salary=1500+0.15*(monthly sales)
Now, you can replace the total salary and he budgets $3750 as his monthly income and solve for the monthly sales:
3750=1500+0.15*(monthly sales)
3750-1500=0.15*(monthly sales)
monthly sales=2250/0.15
monthly sales=15000
According to this, the answer is that his monthly sales goal if he budgets $3750 as his monthly income is $15000.
