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You have 10 pennies in your pocket. Of those pennies, 3 are Canadian. Suppose you pick a penny out of your pocket at random. Fin
2 answers:
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The required equation is y = 10000(1.0.25)^2x. The value of Christina’s investment after 20 years is $30,773.14
Compound interest
The interest accrued on a sum of money is known as interest. The formula for calculating the compound interest is expressed as:
y = y0(1+r/n)^nx
where
x is the time taken
r is the rate in decimal
n is the compounding time
Given the following
x = 20 years
n 2(semi annually)
r = 5.7% = 0.057
Substitute
y = 10000(1+0.057/2)^2(20)
y = 10,000(1 + 0.0285)^40
y = 10000(1.0285)^40
y = 30,773.14
Hence the value of Christina’s investment after 20 years is $30,773.14
Learn more on compound interest here: brainly.com/question/24924853
<h2>Answer </h2>
D. 6x>_360; x>_60
<h2>Explanation</h2>Let be amount you will save each weeks
Since we know that you are saving over a period of 6 weeks, you will save .
We also now that your goal is to save at least $360.00 over the period of 6 weeks, so saving more than $360.00 will be very desirable, but the goal is to save $360.00. We can rephrase this as: You need to save $360.00 or more; we can say the same using the inequality symbol (greater on equal than)
Now we can combine our tow parts using the inequality symbol:
To simplify divide both sides by 6:
You need to save at least $60 per week, so the correct answer is D. 6x>_360; x>_60