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Anna007 [38]
3 years ago
9

$700 at 8% for 6 years

Mathematics
1 answer:
Elenna [48]3 years ago
3 0
It could mean
1. simple interest
2. compound interest


1.simple interest
 so just 8% of that 700 is added on
find 8% of 700
8% of 700=0.08 times 700=0.56
6 years=0.56 times 6=3.36
add
3.36+700=703.36

2. compound  interst

that means the each year, it gives you 8% on that new thing
so
8%=0.08
so each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so
6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08=1110.81


answers are
if simple interest=$703.36
if compound interst=$1110.81
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<u><em>Answer:</em></u>

{x | x = 0.5 or x = 4.5}

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<u>Before we begin, remember that:</u>

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<u>From the above rule, we can deduce that:</u>

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<u>Now, we check:</u>

<u>at x = 4.5</u>: |2(4.5)-5| = |9-5| = |4| = 4 ..........> first solution verified

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Step-by-step explanation:

Let's solve your equation step-by-step.

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