The measure of an angle is seventeen times the measure of a supplementary angle. What is the measure of each angle?
1 answer:
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a) 75 percent of the regular price is the price for senior citizens.
b) $6.712 is the price for senior citizens.
<u>Step-by-step explanation</u>:
- The regular price is the 100% = $8.95
- The offer price for senior citizen = 15% discount from 100%
∴ Percent of the regular price for senior citizens = 100% - 15% = 75%
The price for the senior citizens = 75% of $8.95
⇒ (75/100)8.95
⇒ 0.758.95
⇒ 6.712 dollars.
∴ The price for senior citizens = $6.712
Jane must therefore deposit her savings in the four rivers bank.
<h3>What is compound interest?</h3>Interest that is added to a loan and deposit sum is known as compound interest. In our everyday lives, it is the notion that is employed the most frequently. Compound interest is calculated as a sum using the interest and principal accrued over time. Compound interest versus simple interest differ primarily in this way.
As per the data provided in the question,
Rate, r = 12%
After five years, the total amount, if Jane had saved at Mystic Bank,if Jane had saved at Mystic Bank would be:
For compounded quarterly,
n = 5 × 4
n = 20
A = 40000(1 + 12/(4 × 100))²⁰
A = 72244.44 (i)
If Jane placed her savings with the Four Rivers, then,
A = 40000(1 + 14/(2 × 100))¹⁰
A = 40000 × 1.9671
A = 78686.054 (ii)
Therefore, it is evident that case (ii) is higher than case (i). Jane must therefore deposit her savings in the four rivers bank.
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