A local telephone company offers a long-distance telephone plan that charges $5.25 per month and $0.08 per minute of calling tim
2 answers:
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Answer:
x = 9
Step-by-step explanation:
The outer and inner triangles are similar, thus the ratios of corresponding sides are equal, that is
=
, that is
=
( cross- multiply )
12(x - 3) = 8x
12x - 36 = 8x ( subtract 8x from both sides )
4x - 36 = 0 ( add 36 to both sides )
4x = 36 ( divide both sides by 4 )
x = 9
Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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well, we're assuming all along that Merina owes Bradford $2000, because in the 1st scenario, she was going to pay twice $1000.
on the 2nd scenario, she'll be paying the same $2000 but split 7 months from now and then 7 months later, same 2000 bucks, at which point Bradford applied 8.5% interest.
using those assumptions, since the wording is not quite clear, we can say that Merina is simply paying 2000 bucks plus the 8.5%