Answer:
19 hours
Step-by-step explanation:
Issac shovels driveways to earn money. He can shovel 14 driveways in 8 hours. Earns $25.00 for each driveway. Issac is saving up to buy a new computer that costs $831.25. How many hours does Issac need to work to earn enough money to purchase the computer?
Step 1 find the number of driveways to shovel
25x = $831.25
x = $831.25/25
= 33.25 driveways
Step 2
He can shovel
14 driveways = 8 hours
33.25 driveways = x
Cross Multiply
14x = 8 × 33.25
x = 8 × 33.25/14
x = 19 hours
We are told that the principle is the same for both investments so we can say:
315=P(r+4)/100 and 175=Pr/100 solving both for P you have:
P=31500/(r+4) and P=17500/r since P=P:
17500/r=31500/(r+4)
175(r+4)=315r
175r+700=315r
-140r+700=0
-140r=-700
r=5
So the rates are 5% and (5+4)=9%
check...
P(9/100)=315 and P(5/100)=175
P=31500/9 and P=17500/5
P=157500/45 and P=157500/45
So P=P
note: P=$3500
3500(9/100)=$315
3500(5/100)=$175