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Elis [28]
3 years ago
6

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch

ool in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?
A. $1,590.00

B. $1,255.00

C. $300.00

D. $3,000.00
Mathematics
1 answer:
never [62]3 years ago
8 0

Answer:

A: 1,590.00

Step-by-step explanation:

We can use the simple interest rate equation for this problem: p(1 + r)^t

Step 1: Replace the variables with the amounts given

10000(1 + 0.03)^5

Step 2: Solve/Plug in calc

You will get 1590.00

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2 years ago
Solve -3y + 12 = -48
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4 years ago
Read 2 more answers
A local hamburger shop sold a combined total of 605 hamburgers and cheeseburgers on Friday. There were 55 more cheeseburgers sol
Zinaida [17]
H + c = 605
c = h + 55

h + h + 55 = 605
2h + 55 = 605
2h = 605 - 55
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c = h + 55
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C = 330...there were 330 cheeseburgers sold on Friday
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3 years ago
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