Answer:15 candy bars are solddd
Step-by-step explanation:
Answer:
It is 6%
Explanation:
The stock that is bought by Rick Mendez: 5,000
Own money used to buy: 2,500
Borrowed money: 2,500
Interest on borrowed money : 30
Brokerage commissions: 300
The stock is sold after one month: 5,650
Now first calculate the net profit = Selling price of stock – cost price of stock – Interest on borrowing – commission
5,650-5,000-30-300=320
Now calculate the rate of return = Net profit / cost of stock
320/5,000=.06
.06 or 6%
a) The formula for compound interest is:
Total = starting amount x (1 + interest rate)^ number of years
b)
Using the given information you have:
1200 = 500 x (1+0.045)^x where x is the length of time you want to find.
1200 = 500 (1.045)^x
Divide both sides by 500:
2.4 = 1.045^x
Use natural logarithms:
ln(1.045^x) = ln(2.4)
Solve for x:
X = ln(2.4) / ln(1.045)
X = 19.889 years ( Round the answer as needed).
For example, x/2 - x/3 = 1 => (3x)/6 - (2x)/6 = 6/6 => 3x - 2x = 6 => x = 6;
Answer: x = √141
Step-by-step explanation: 22² + x² = 25² -> 484 + x² = 625
625 - 484 = 141
x² = 141
x = √141
