We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
Answer:
B) 1.15x, adding 15% to the cost of haircut is same as to multiply cost by 1.15
Step-by-step explanation:
Given expression = x + 15% of x
x + (15/100) x = x + 0.15x
= (1+ 0.15) x = 1.15x
15% = 0.15 , added to x = 1.15x
Step-by-step explanation:
let the numbers are:
a, b, and c
the equation would be:
a+b+c = 131
c = 4a
b = a+5
=>
a + a+5 +4a = 131
6a +5 = 131
6a = 131-5
6a = 126
a= 126/6
a = 21
b = a+5 = 21+5
b = 26
c = 4a = 4(21)
c = 84
Answer:
Step-by-step explanation:
Set up a proportion.
3/25 = x / 20 Notice that both times are in the denominators. Be sure you always set up a proportion that way. Like units in the denominator. Like units in the numerator.
Cross multiply
3 * 20 = 25 * x Combine
60 = 25x Divide by 25
60/25 = x
x = 2.4 miles in 20 minutes.
