Noah raised $54 to support the animal shelter , which is 60% of his fundraising goal.
1 answer:
Answer:
The linear equation that represent this problem is
The fundraising goal is $90
Step-by-step explanation:
Let
x ----> the fundraising goal
Remember
----> percentage in decimal form
we know that
The fundraising goal multiplied by the percentage in decimal form must be equal to the amount raised
so
The linear equation that represent this problem is
solve for x
Divide by 0.60 both sides
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Answer:
$16,974.57
Step-by-step explanation:
The formula for future value is given by
where
FV = future value
PMT = amount deposited each period and is given as 200
i = rate per period = r/m where r is the interest rate and m the frequency of compounding. Here it is mentioned that r = 2.25% and interest is compounded annually ie once per year so m = 1
i = 2.25%/1 = 2.25% = 2.25/100 = 0.0225
The number of payments n = 48 since we make quarterly payments (4 per year) and we are asked to compute for 12 years
Plugging these values into the formula gives
which evaluates to
$16,974.57 which can be rounded up to $16975
depending on the accuracy you desire