It's just an equation, the number you're looking for is X, and then turn the words into an solvable equation with respect to X.
7X + 3 = 39 - 2X
9X = 39 -3 = 36
X = 4
Answer:
the third one/second one
Step-by-step explanation:
Answer:
N= 9/2
Step-by-step explanation:
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
