Answer:
Interest = $6,300 (Approx.)
Step-by-step explanation:
Given:
Amount deposit (P) = $26,000
Number of month = 36 month
Number of year (n) = 36 / 12 = 3 year
Rate of interest (r) = 7.5% = 0.075
Find:
Interest earned
Computation:
Interest = p[(1+r)ⁿ-1]
Interest = 26,000[(1+0.075)³-1]
Interest = 26,000[(1.075)³-1]
Interest = 6,299.71
Interest = $6,300 (Approx.)
Hello there! The answer is C. 7/9.
The question is asking you how to find the absolute value of -7/9. Absolute value is the value of the number, regardless if it is negative or positive. So, that makes C your answer.
I hope this was helpful in finding an answer to your question, have a great day! :)
Answer:
Part A) The percentage increase was 
Part B) Michael is financially better off this year than last year
Step-by-step explanation:
Part A)
we know that
Using proportion
Let
x-----> the percentage increase

Part B) Compare the percentage increase with the inflation

The percentage increase is greater than the inflation
therefore
Michael is financially better off this year than last year
Multiply first equation by -5 and 2nd by 2, add them
15x+20y=-100
<u>2x-20y=32 +</u>
17x+0y=-68
17x=-68
divide both sides by 17
x=-4
the x value is -4