After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:

where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:

So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Divide 1/16 by 3/5 and you get .104 we can check by multiplying our answer by 3/5 and we get 1/16
Answer:
<em>x = 24 </em>
Step-by-step explanation:
The corresponding sides of similar Δs are proportional.
ΔADE ~ ΔABC ⇒
=
=
AD = x + 8 ; DE = 8
AB = x ; BC = 6
=
⇔ 8x = 6(x + 8) ⇒ <em>x = 24</em>
I think the answer should be 4.7 but rounded up would be 5
x = total amount split between Adam and Tom.
since we know the total amount split between both in a 18 : 17 ratio is "x", let's divide "x" by (18 + 17) and distribute accordingly to get the amount of each.
![\stackrel{Adam~received}{18\cdot \cfrac{x}{18+17}}\qquad \qquad \stackrel{Tom~received}{17\cdot \cfrac{x}{18+17}} \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\textit{since we know that Adam got "5" more}}{ \stackrel{Adam}{18\cdot \cfrac{x}{18+17}}~~ = ~~\stackrel{Tom}{17\cdot \cfrac{x}{18+17}~~ + ~~5} }\qquad \implies \qquad \cfrac{18x}{35}~~ + ~~\cfrac{17x}{35}+5](https://tex.z-dn.net/?f=%5Cstackrel%7BAdam~received%7D%7B18%5Ccdot%20%5Ccfrac%7Bx%7D%7B18%2B17%7D%7D%5Cqquad%20%5Cqquad%20%5Cstackrel%7BTom~received%7D%7B17%5Ccdot%20%5Ccfrac%7Bx%7D%7B18%2B17%7D%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill%5C%5C%5C%5C%20%5Cstackrel%7B%5Ctextit%7Bsince%20we%20know%20that%20Adam%20got%20%225%22%20more%7D%7D%7B%20%5Cstackrel%7BAdam%7D%7B18%5Ccdot%20%5Ccfrac%7Bx%7D%7B18%2B17%7D%7D~~%20%3D%20~~%5Cstackrel%7BTom%7D%7B17%5Ccdot%20%5Ccfrac%7Bx%7D%7B18%2B17%7D~~%20%2B%20~~5%7D%20%7D%5Cqquad%20%5Cimplies%20%5Cqquad%20%5Ccfrac%7B18x%7D%7B35%7D~~%20%2B%20~~%5Ccfrac%7B17x%7D%7B35%7D%2B5)
![\stackrel{\textit{multiplying both sides by }\stackrel{LCD}{35}}{35\left( \cfrac{18x}{35} \right)~~ = ~~35\left( \cfrac{17x}{35}+5 \right)}\implies 18x~~ = ~~17x+175\implies \boxed{x =175} \\\\[-0.35em] ~\dotfill\\\\ \stackrel{Tom~received}{17\cdot \cfrac{x}{18+17}}\implies \cfrac{17(175)}{35}\implies \blacktriangleright 85 \blacktriangleleft](https://tex.z-dn.net/?f=%5Cstackrel%7B%5Ctextit%7Bmultiplying%20both%20sides%20by%20%7D%5Cstackrel%7BLCD%7D%7B35%7D%7D%7B35%5Cleft%28%20%5Ccfrac%7B18x%7D%7B35%7D%20%5Cright%29~~%20%3D%20~~35%5Cleft%28%20%5Ccfrac%7B17x%7D%7B35%7D%2B5%20%5Cright%29%7D%5Cimplies%2018x~~%20%3D%20~~17x%2B175%5Cimplies%20%5Cboxed%7Bx%20%3D175%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill%5C%5C%5C%5C%20%5Cstackrel%7BTom~received%7D%7B17%5Ccdot%20%5Ccfrac%7Bx%7D%7B18%2B17%7D%7D%5Cimplies%20%5Ccfrac%7B17%28175%29%7D%7B35%7D%5Cimplies%20%5Cblacktriangleright%2085%20%5Cblacktriangleleft)