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UNO [17]
3 years ago
13

Mike invested $7500 in stocks. He is considering transferring his investment to another fund because since making his investment

, the value of his investment has been decreasing by 0.4% per month. If Mike's investment continues to decrease at this rate and he doesn't transfer it to another fund, how long will it take for the stock's value to be less than $7000?
Mathematics
2 answers:
Fed [463]3 years ago
6 0
About 17 months
Actual number 16 2/3
Alona [7]3 years ago
5 0
7000=7500 (1-0.004)^x
Solve for x
X=log(7,000÷7,500)÷log(1−0.004)
X=17.21 months
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Solve for x and verify:3(x+3)-2(x-1)=5(x-5)
Gekata [30.6K]

Answer:

x=9

Step-by-step explanation:

Distribute:

3x+9-2x+2=5x-25

Combine like terms:

x+11=5x-25

Solve:

x-x+11=5x-x-25

11=4x-25

11+25=4x-25+25

36=4x

Divide by 9:

x=9.

Hope this helps :D

7 0
3 years ago
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Need your help please legitimately
Alenkasestr [34]

Answer:

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Step-by-step explanation:

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4 0
3 years ago
Can someone help me solve these three problems please??
Tasya [4]
I'll solve 21, and you then should be able to solve the rest on your own!

Since ADC is 135, that means that that whole angle is 135 degrees. In addition, since angles ADB and BDC add up to ADC, we get ADB+BDC=ADC=135=11x+9+7x=18x+9. Subtracting 9 from both sides, we get 126=18x. Dividing both sides by 18, we get x=7. Plugging that into 11x+9=BDC, we get 11*7+9=77+9=86
4 0
4 years ago
f the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year?
damaskus [11]

Answer:

$10.50

Step-by-step explanation:

The formula is Balance= Principle (starting amount) x Time x Interest rate. 350 x .03 x 1 is $10.50.

8 0
3 years ago
A florist has to choose four different types of flowers to include in a bouquet. In how many ways can the florist do this, if th
Nat2105 [25]

Answer:

Step-by-step explanation:

Given:

Type of Flowers = 5

To choose = 4

Required

Number of ways 4 can be chosen

The first flower can be chosen in 5 ways

The second flower can be chosen in 4 ways

The third flower can be chosen in 3 ways

The fourth flower can be chosen in 2 ways

Total Number of Selection = 5 * 4 * 3 * 2

Total Number of Selection = 120 ways;

Alternatively, this can be solved using concept of Permutation;

Given that 4 flowers to be chosen from 5,

then n = 5 and r = 4

Such that

nPr = \frac{n!}{(n - r)!}

Substitute 5 for n and 4 for r

5P4 = \frac{5!}{(5 - 4)!}

5P4 = \frac{5!}{1!}

5P4 = \frac{5*4*3*2*1}{1}

5P4 = \frac{120}{1}

5P4 = 120

Hence, the number of ways the florist can chose 4 flowers from 5 is 120 ways

4 0
4 years ago
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