Answer:
133.33 years
Step-by-step explanation:
Given that:
Principal = $500
Interest rate (r) = 1.5% = 0.015
Triple amount of principal = $500 * 3 = $1500 = final amount (A)
Number of years (t) =?
Using the relation :
A = P(1 + rt)
1500 = 500(1 + 0.015t)
1500 / 500 = 1 + 0.015t
3 = 1 + 0.015t
3 - 1= 0.015t
2 = 0.015t
2 / 0.015 = 0.015t / 0.015
133.333 = t
133.33 years
Answer:
Each pair costs $8.86
Step-by-step explanation:
Divide 35.45 by 4
You get 8.8625
Round that to the nearest hundredth.
You get $8.86
Hope this helped!
Answer:
$275
Explanation:
since my grandparents are paying half of the cost, i can divide $20,600 by two to get $10,300. my athlete scholarship will shave off another $7,000 so i will have $3,300 remaining.
dividing this sum by 12 gives me <u>$275</u>, which is the amount i have to save each month.
i hope this helps! :D
