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dedylja [7]
4 years ago
10

Jane and her husband deposited $500 in an account on their wedding day and each subsequent anniversary. The money was deposited

in an account that pays 7 percent interest, compounded annually. How much will they have on their 25th anniversary

Mathematics
1 answer:
zysi [14]4 years ago
3 0
Total = 500 * ([(1 + .07)^26 -1] / .07) -500
Total = 500 * (<span><span>4.8073529249 </span> / .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total = <span> <span> <span> 33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm

</span>

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A pan has an original price of $32 but is marked down by 15 percent. Which equation shows the new price of the price
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We suggest, that the number 32 is 100% - because it is the output value of the task. 
<span>We suggest, that x is the value that we are looking for. </span>
<span>3. If 32 is 100%, so we can jot it down as 32=100%. </span>
<span>4. We know for sure, that x is 15% of the output value, so we can jot it down as x=15%. </span>
5. Now, these are the equations are we have.
1) 32=100%
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where the left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:
32/x=100%/15%
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7. Answer for what is 15% of 32

32/x=100/15
<span>(32/x)*x=(100/15)*x       - </span>multiply both sides of the equation by x
<span>32=6.66666666667*x       - </span>divide both sides of the equation by (6.66666666667) to get x
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<span>4.8=x </span>
x=4.8

<span>15% of 32=4.8
So, the answer is $4.8
Hope this helped</span>
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