Solve for x* (17x - 8)
1 answer:
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Answer: x = -8
Step-by-step explanation: To solve for <em>x</em> in this equation, our first task is to simplify the left side by distributing the 12 through both terms inside the parentheses.
When we do that, we get 12 times x which is
12x and 12 times 10 which is 120.
So we have 12x + 120 = 24.
Our next task is to isolate the x term by subtracting 120 from both sides of the equation. On the left, 120 - 120 cancels and we're left with 12x. On the right, 24 - 120 simplifies to -96 so we have 12x = -96.
To get <em>x</em> by itself, we divide both sides by 12 and <em>x = -8</em>.
Work is also attached in the image provided.
Answer:
Account B earns more interest.
After 20 years, account B will have earned $171.89 more.
Step-by-step explanation:
Let's calculate the total for each account.
Account A:
Account A earns simple interest. We know that the principal value is $2000 and the interest rate is 2% or 0.02. We can use the simple interest formula:
Where A is the future value, P is the principal, r is the rate, and t is the time in years.
So, let's substitute 2000 for P, 0.02 for r, and 20 for t. This yields:
Multiply and add:
Multiply. So, the total amount of money in Account A after 20 years is:
Since we initially deposited $2000 and our total is now $2800, this means that we earned an interest of
Account B:
Account B earns compound interest. Like Account A, Account B has a principal value of $2000 and the interest rate is 2% or 0.02. We also know that it's compounded annually, so once per year. We can use the compound interest formula:
Where B is the future value, P is the principal, r is the rate, n is the times compounded per year, and t is the time in years.
So, let's substitute 2000 for P, 0.02 for r, n for 1 (since it's compounded annually), and t for 20. This yields:
Simplify this to acquire:
Evaluate. Use a calculator. So, after 20 years, the amount of money in Account B is:
Since our principal was $2000, this means that we earned an interest of approximately .
So, Account A earned an interest of $800 and Account B earned an approximate interest of $971.89.
So, Account B earned more interest.
And it earned more than Account A.
And we're done!