Answer:
$1,701.64
Step-by-step explanation:
(see attached for reference)
recall that for compound interest, the following formula applies:
A = P [1 + (r/n) ] ^ (nt), where
A = final amount (we are asked to find this)
P = Principal amount = $1,200
r = interest rate = 5% = 0.05
t = 7 years
n = 12
Substituting these into the equation,
A = 1200 [1 + (0.05/12) ] ^ [(12)(7)]
A = $1,701.64
Answer:
After 13 months the amount paid to both will be $830.
Step-by-step explanation:
60x13+50=830
50x13+180=830
Substitue y=3x into the other equation to get 3x=-x+4. Solve this to get 4x=4 therefore x=1.
knowing this, y=3
Answer:
24.8 lbs
Step-by-step explanation:
14.5% is 0.145 in decimal and then you multiply it by the weight, and get the answer
0.145x171=24.8 lbs