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Free_Kalibri [48]
3 years ago
9

Is this work correct?

Mathematics
1 answer:
Zina [86]3 years ago
5 0
Yes, the work is correct.
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Student to faculty is 17:3 The total is 740 how many students and faculty are at the college
inn [45]
Let the faculties be X and the number of students be Y.
X/Y = 17/3
3X= 17Y
X=17Y/3
Let that be equation 1
We also know that X+Y = 740. Let it be equation 2
Substitute equation 1 in equation 2
(17Y/3)+Y=  740
20Y/3 = 740
Y=111
Since the total is 740, then X equal 740-111 =629.
The number of faculties is 111 and the number of students is 629.
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Dave has 8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly. How much money wi
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Answer: he will have $12720 after 15 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1 + r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = $8000

r = 3.1% = 3.1/100 = 0.031

n = 12 because it was compounded 12 times in a year.

t = 15 years

Therefore,

A = 8000(1 + 0.031/12)^12 × 15

A = 8000(1 + 0.00258)^180

A = 8000(1.00258)^180

A = $12720

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