9514 1404 393
Answer:
$163,002
Step-by-step explanation:
If you're working problems of this sort, you have been shown formulas and examples. Use the appropriate formula with the numbers of this problem.
For the formula below, you have d=3000, r=0.045, k=4, N=11
P = (3000)(1 -(1 +0.045/4)^(-11·4))/(0.045/4) ≈ 163,002
The account needs to hold about $163,002 to make this possible.
Answer:
y = 3 1/13
Step-by-step explanation:
Add 3 and combine like terms:
... (2 3/5)y = 8
Multiply by the reciprocal of the coefficient of y.
... y = 8 · (5/13) = 40/13
... y = 3 1/13
_____
<em>Check</em>
(3/5)(3 1/13) - 3 + 2(3 1/13) = 5
(3/5)(40/13) - 39/13 + 2(40/13) = 5 . . . . express everything with 13 as a denominator
24/13 - 39/13 + 80/13 = 5 . . . . . eliminate parentheses
(24 -39 +80)/13 = 5 . . . . . . . . . . add the fractions
65/13 = 5
5 = 5 . . . . . the answer checks
Answer:
d) The government reduces public transportation costs by switching to propane-run buses without adjusting taxes.
Step-by-step explanation:
The correct choice among the given 4 which could result in a county government budget in surplus is,
d) The government reduces public transportation costs by switching to propane-run buses without adjusting taxes.
Answer:
80%
Step-by-step explanation:
Data provided as per the question
Number of days in a year = 360 days
Discount provided = 2%
Total net credit period = 30
The calculation of implied annual interest rate inherent in the credit terms is shown below :-
Therefore for computing the inherent in the credit terms we simply applied the above formula.