Answer:
I believe the final answer is x=3
Step-by-step explanation:
when trying to solve equations, always sort things out and prioritize things, that way it's easier to get to the final answer.
x+2x-5=4
3x-5=4 just move the -5 to the other side and make it a positive
3x=9
x+y=4
y=1
3+1=4
Answer:
We should invest in 7.74% compounded daily as it yields a higher return.
The total investment after 10 years is $10,841.22.
Step-by-step explanation:
<u>a.) at 7.74% compounded daily</u>
<u>
</u>
I assumed there are 365 days in a year.
<u>b</u><u>.</u><u>)</u><u> </u><u>a</u><u>t</u><u> </u><u>7</u><u>.</u><u>8</u><u>%</u><u> </u><u>c</u><u>o</u><u>m</u><u>p</u><u>o</u><u>u</u><u>n</u><u>d</u><u>e</u><u>d</u><u> </u><u>q</u><u>u</u><u>a</u><u>r</u><u>t</u><u>e</u><u>r</u><u>l</u><u>y</u>
<u>
</u>
Answer:
$5659.11
Step-by-step explanation:
We are given;
- Time of loan maturity is 5 years
- Rate of compound interest is 7% compounded quarterly
- Principal amount of the car is $4000
We are required to determine the total amount he paid at the end of 5 years..
The concept being tested is compound interest;
We are going to use the compound interest formula;
Amount = P(1+r/100)^n
Where P is the the principal amount
r is the rate of interest
n is the interest periods
In this case;
n = (5 × 4) = 20
r = 7 ÷ 4 = 1.75 ( as the money was compounded quarterly)
Thus;
Amount =$ 4000 ( 1 + 1.75)^20
= $4000 (1.0175)^20
= $5659.11
Therefore, the money that Joe will have paid at the end of 5 years is $5659.11
I think it’s saying like is it a parallel or so
Answer:
Step-by-step explanation:
3.6
