Answer:
$13.
Step-by-step explanation:
Let x represent money that Alison has.
We have been given that Leo has 7 times as much money as Alison had. So the amount of money that Leo has, would be 
.
We are also told that Leo had $91, so we will equate with 91 and solve for x as:
To solve for x, we will divide both sides by 7:
Therefore, Alison has $13.
Answer:
19.8%
Step-by-step explanation:
We have the following formula for continuous compound interest:
A = P * e ^ (i * t)
Where:
A is the final value
P is the initial investment
i is the interest rate in decimal
t is time.
The time can be calculated as follows:
25 - 18 = 7
That is, the time corresponds to 7 years. In addition, A is 20,000 for A and P would be 5,000, we replace:
20000 = 5000 * e ^ (7 * i)
20000/5000 = e ^ (7 * i)
e ^ (7 * i) = 4
ln e ^ (7 * i) = ln 4
7 * i = ln 4
i = (ln 4) / 7
i = 0.198
Which means that the rounded percentage will be 19.8% per year
Answer:
$480
Step-by-step explanation:
According to the problem, calculation of the given data are as follows,
Original cost including sales tax = $1,200
Discount = 60%
So, we can calculate the cost of TV after discount by using following formula:
Cost of TV after discount = $1,200 - ( $1,200 × 60%)
= $1,200 - $720
= $480
Hence, Cost of TV after discount is $480.
