Answer:
A
Step-by-step explanation:
I am to determine the future value of Thomas' deposit with annual compounding
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
840 x (1.075)^5 = 1205.93
I am to determine the future value of Sherill's deposit in 5 years using simple interest
The amount that would be in the account = amount deposited + interest earned on deposit
interest earned on deposit can be determined by determining the simple interest
Simple interest = amount deposited x time x interest rate
1250 x 0.069 x 5 = 431.25
Amount that would be in her account after 5 years = 1250 + 431.25 = 1681.25
Sheril's money is higher by - 1681.25 - 1205.93 = 475.32
Yes; if you look at both terms, they both have a common factor of 3x, therefore, this expression can be simplified as 3x(5x-9).
Answer:
$24,000
Step-by-step explanation:
To find how much she owed, find 2/3 of 36,000, since she repaid 1/3
36000(2/3)
= 24,000
So, two years after graduating, Maria owed $24,000
1.) 60-(20% of 60)
60-(.2 * 60)
60-12
48
The pants are $48
2.)30% of x = 20
.3x = 20
.3x/.3= 20/.3
x = 66.6666666...
The pants were $66.67
3.) 25 + (20% of 25)
25+(.2*25)
25+5
30
The magazine is now $30.
