Cranberry juice costs $6.30 per quart and apple juice costs $3.60 per quart. Terrence wants to know how many quarts q of cranber
2 answers:
You might be interested in
Answer:
x=7.3
x=
x=
just in different form
x - 7 =-x ÷ 2 + 4
x - 7 = x + 4
2x - 14 = -x + 8
2x + x = 8 + 14
3x = 22
x=
x=7.3
x=
Answer:
$29,721
Step-by-step explanation:
We have been given that Wyatt is investing money into a savings account that pays 2% interest compounded annually, and plans to leave it there for 15 years. We are asked to find the amount deposited by Wyatt in order to have a balance of $40,000 in his savings account after 15 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after T years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
T = Time in years.
Let us convert our given interest rate in decimal form.
Upon substituting our given values in compound interest formula, we will get:
Switch sides:
Upon rounding our answer to nearest dollar, we will get:
Therefore, Wyatt will have to invest $29,721 now in order to have a balance of $40,000 in his savings account after 15 years.