Answer:
After 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Step-by-step explanation:
Given that Cam and Madison were investing money into two different accounts, both investing $ 550 each, and Cam invested into an account at an annual interest rate of 2.7% compounded monthly while
Madison invested into an account that had an annual interest rate of 3% compounded quarterly, to determine the balances of both accounts after 5 years, the following calculations must be performed:
Cam
X = 550 (1 + 0.027 / 12) ^ 5x12
X = 550 (1 + 0.027 / 12) ^ 60
X = 616.04
Madison
X = 550 (1 + 0.03 / 3) ^ 5x3
X = 550 (1 + 0.03 / 3) ^ 15
X = 638.53
Thus, after 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Answer: x=52/3
Step-by-step explanation:
x+2/3=18
x=18-2/3 ⇔ subtraction property of equality
x=54/3-2/3 ⇔ convert integer into fraction
x=52/3
Hope this helps!! :)
Answer:
M=(4,112)=(4,5.5) A
Step-by-step explanation:
The midpoint for two points P=(px,py) and Q=(qx,qy) is M=(px+qx2,py+qy2).
We have that px=3, py=2, qx=5, qy=9.
Thus, M=(3+52,2+92)=(4,112).
Answer:
Number of hours= (Total earnings+ Total costs)/$15
Mika worked 18 hours
Step-by-step explanation:
Mika´s earnings function is:
Total earnings= Total Payment-Total costs
The total payment depends on the number of hours Mika took to pint the neighbor's fence:
Total earnings= $15x-Total costs
Now we transform this equation to know the number of hours worked:
Total earnings+Total costs= $15x
(Total earnings+ Total costs)/$15=x
x= $174+$96/$15
x= 18
Mika worked 18 hours