All categories

3 years ago

Help with 401k Basic financial math

Mathematics

1 answer:

amm18123 years ago

5 0

80000x0.03= 24000 dollars per year A. 65x0.03= 1.95 per month B 860x0.03= 25.80

You might be interested in

A shoekeeper uses this formula to work out the

ElenaW [278]

Answer:

12.6

Step-by-step explanation:

1.8X7

7x1=7

0.8x7=5.6

7+5.6=12.6

3 0

3 years ago

the VD warehouse is having a clearance sale. a CD player that originally sell for 60 is now priced tp 36 what is the percent dec

Maksim231197 [3]

Answer:

Im not 200% sure but i think its 11

8 0

3 years ago

Last year, Susan had 10,000 to invest. She invested some of it in an account that paid 6%

katrin2010 [14]

Answer:

In the account that paid 6% Susan invest $\$6,000$

In the account that paid 5% Susan invest $\$4,000$

Step-by-step explanation:

we know that

The simple interest formula is equal to

$I=P(rt)$

where

I is the Final Interest Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

Part a) account that paid 6% simple interest per year

in this problem we have

$t=1\ years\\ P=\$x\\r=0.06$

substitute in the formula above

$I1=x(0.06*1)$

$I1=0.06x$

Part b) account that paid 5% simple interest per year

in this problem we have

$t=1\ years\\ P=\$10,000-\$x\\r=0.05$

substitute in the formula above

$I2=(10,000-x)(0.05*1)$

$I2=500-0.05x$

we know that

$I1+I2=\$560$

substitute and solve for x

$0.06x+500-0.05x=560$

$0.01x=560-500$

$0.01x=60$

$x=\$6.000$

therefore

In the account that paid 6% Susan invest $\$6,000$

In the account that paid 5% Susan invest $\$4,000$

6 0

3 years ago

Un automóvil corre a 120 kilómetros por hora y otro a 80 kilómUetros por hora; si deben recorrer 960 kilómetros, ¿con cuántas ho

Artist 52 [7]

Answer:

4 hours

Step-by-step explanation:

The speed of the first car is

$v_1 = 120 km/h$

While the speed of the second car is

$v_2=80 km/h$

The time it takes for each car to cover a distance d is

$t=\frac{d}{v}$

where

d = 960 km is the total distance covered

For car 1, the time taken is:

$t_1=\frac{960}{120}=8 h$

For car 2, the time taken is:

$t_2=\frac{960}{80}=12 h$

Therefore, the difference in time is:

$\Delta t =t_2-t_1 =12 -8 = 4 h$

8 0

3 years ago

1. Which statement is false?

kompoz [17]

Answer:

Option C is false.

Step-by-step explanation:

A. We are given; 0.7 < 4/5

Now, 4/5 in decimal form is written as 0.8.

Thus,0.7 is less than 0.8. So statement is true.

B) We are given: 2/3 > 0.34

Now, 2/3 in decimal form is written as 0.67.

Thus,0.67 is greater than 0.34, so statement is true.

C) We are given: 2.26 > 214

214 is obviously greater than 2.26. Thus statement is false.

D) We are given: 35/6 > 37/8

Now, 35/6 in decimal form is written as 5.83.

Likewise, 37/8 is written in decimal form as 4.63

Thus,5.83 is greater than 4.63, so statement is true.

Finally, the only false one is Option C

3 0

2 years ago