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yuradex [85]
3 years ago
11

3.) Jada takes out a loan for $6000 to start a business after hig

Mathematics
1 answer:
attashe74 [19]3 years ago
4 0

Answer:

$2,400

Step-by-step explanation:

1) lets use the i=prt formula

where i=interest

p=principal

r=rate

t=time

the principal here is $6000(starting amount)

rate is 0.08

and time is 5

so

I=0.08*5*6000

I=2400

you will gain an interest of $2400

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You purchased a rare painting for $150 that is increasing in value by 3% annually. How many years will it take until it is doubl
Ahat [919]

Answer:

23 years.

Step-by-step explanation:

It is given that the initial price of painting is $150 and its values increasing by 3% annually.

We need to find how many years will it take until it is doubled in value.

The value of painting after t years is given by

y=150(1+0.03)^t

y=150(1.03)^t

The value of painting after double is 300. Substitute y=300.

300=150(1.03)^t

Divide both sides by 150.

2=(1.03)^t

Taking log both sides.

\log 2=\log (1.03)^t

\log 2=t\log (1.03)

t=\dfrac{\log 2}{\log (1.03)}

t=23.44977

t\approx 23

Therefore, the required number of years is 23.

6 0
3 years ago
Two golfers completed one round of golf. The first golfer had a score of +6 and the second golfer had a score of –3. How many mo
Monica [59]

                                             Question 16

Given that two golfers completed one round of golf.

It is stated that the first golfer had a score of +6 and the second golfer had a score of -3.

  • Let suppose 'x' be the number of shots the first golfer took.

It is clear that the first golfer is 6 over par, while the second golfer is under 3.

Thus, the equation becomes:

-3 + x = 6

adding -3 to both sides

-3+3+x = 6+3

simplify

x = 9

Thus, the second golfer has taken 9 more shorts.

                                             Question 17

When we talk about credit, it means:

Credit = +

When we talk about debt, it means:

Debit = -

Thus,

Credit = +84

Debt = -29

Balance = 84 + (-29)

              = 84 - 29

               = 55

Thus, the balance is: 55

6 0
3 years ago
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