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aksik [14]
3 years ago
12

Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. I

f Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to the nearest month)?
Mathematics
1 answer:
Katen [24]3 years ago
4 0

Answer:

Shorty has $142 after 7 month.

Step-by-step explanation:

The concept of compounded interest involves an initial capital that is reinvested month by month, it means that the initial capital plus the interest earned during the first month is reinvested on the second month and so on. The equation that describes the relationship between the final capital with the initial capital, the percentage of compounded interest and the time is:

 Cf = Ci(1 + r)^n    

where Cf: final capital (the money tha Shorty needs,  $142)

Ci: initial capital (the money that Shorty has, $80)

r is the interest (9% = 0,09)

n: time (in months)

⇒142 = 80 (1 + 0,09)^n ⇒ 142/80 = (1,09)^n ⇒ 1.775 = (1,09)^n At this point you have to apply logarithms.

⇒ log (1.775) = n log (1.09) ⇒ n = log (1.775)/log (1.09) ⇒ n= 6.658

Shorty has $142 after 7 month.

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<span>Assume that,
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       We get x=-5 and x=1
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3 0
3 years ago
A party rental company has chairs and tables for rent. The total cost to rent 3 chairs and 2 tables is $18. The total cost to re
DerKrebs [107]
C= chair cost
t= table cost

Create two equations with the given information. Solve for one variable in equation one. Substitute that answer in equation two. Then you can solve for the needed information.
3c+2t=$18
5c+6t=$48

3c+2t=18
Subtract 2c from both sides
3c=18-2t
Divide both sides by 3
c=(18-2t)/3

Substitute the value for c in equation two:
5c+6t=$48
5((18-2t)/3)+6t=48
(90-10t)/3+6t=48
Multiply everything by 3 to eliminate fraction
(3)((90-10t)/3)+(3)(6t)=(3)(48)
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90+8t=144
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Substitute the t value to solve for c:
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3c+13.50=18
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Check:
5c+6t=$48
5(1.50)+6(6.75)=48
7.50+40.50=48
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Hope this helps! :) If it does, please mark as brainliest.
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3 years ago
The numbers​ 1, 2,​ 3, 4, and 5 are written on slips of​ paper, and 2 slips are drawn at random one at a time without replacemen
mamaluj [8]
<h2>Answer:</h2>

(a)

The probability is :  1/2

(b)

The probability is :  1/2

<h2>Step-by-step explanation:</h2>

The numbers​ 1, 2,​ 3, 4, and 5 are written on slips of​ paper, and 2 slips are drawn at random one at a time without replacement.

The total combinations that are possible are:

(1,2)   (1,3)    (1,4)    (1,5)

(2,1)   (2,3)   (2,4)   (2,5)

(3,1)   (3,2)   (3,4)   (3,5)

(4,1)   (4,2)   (4,3)   (4,5)

(5,1)   (5,2)   (5,3)   (5,4)

i.e. the total outcomes are : 20

(a)

Let A denote the event that the first number is 4.

and B denote the event that the sum is: 9.

Let P denote the probability of an event.

We are asked to find:

               P(A|B)

We know that it could be calculated by using the formula:

P(A|B)=\dfrac{P(A\bigcap B)}{P(B)}

Hence, based on the data we have:

P(A\bigcap B)=\dfrac{1}{20}

( Since, out of a total of 20 outcomes there is just one outcome which comes in A∩B and it is:  (4,5) )

and

P(B)=\dfrac{2}{20}

( since, there are just two outcomes such that the sum is: 9

(4,5) and (5,4) )

Hence, we have:

P(A|B)=\dfrac{\dfrac{1}{20}}{\dfrac{2}{20}}\\\\i.e.\\\\P(A|B)=\dfrac{1}{2}

(b)

Let A denote the event that the first number is 3.

and B denote the event that the sum is: 8.

Let P denote the probability of an event.

We are asked to find:

               P(A|B)

Hence, based on the data we have:

P(A\bigcap B)=\dfrac{1}{20}

( since, the only outcome out of 20 outcomes is:  (3,5) )

and

P(B)=\dfrac{2}{20}

( since, there are just two outcomes such that the sum is: 8

(3,5) and (5,3) )

Hence, we have:

P(A|B)=\dfrac{\dfrac{1}{20}}{\dfrac{2}{20}}\\\\i.e.\\\\P(A|B)=\dfrac{1}{2}

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3 years ago
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The division ➗ ÷ sign will make the expression correct if you correct the question!

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3 years ago
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