Answer:
It will take 55 years for the account value to reach 38200 dollars
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
.
In this problem, we ahve that:
So
First we find how much we have to earn in interest.
.
How much time to earn this interest?
Rounding up
It will take 55 years for the account value to reach 38200 dollars
.35 as a fraction is 35/100=7/20 Hope this helps :D
Answer:
(f+g)(x) = 60x + 400
Step-by-step explanation:
Given :
Amount in account A:
f(x) = 20x + 100
Amount in account B :
g(x) = 40x + 300
Total amount in Account A and B:
f(x) + g(x) = (20x + 100) + (40x + 300)
(f+g)(x) = (20x + 40x) + (100 + 300)
(f+g)(x) = 60x + 400
Answer:
investment 2 $400 Simple Interest Rate
Step-by-step explanation:
Answer:
504______________16
Step-by-step explanation: