Answer:
7.405882353 years
Step-by-step explanation:
Simple interest is
A = P(1+rt)
Where A is the amount in the account
P is the principle invested
r is the rate and
t is the time
6593.75 = 5000( 1+ .0425*t)
Divide each side by 5000
6593.75/5000 = ( 1+ .0425*t)
1.31475 = ( 1+ .0425*t)
Subtract 1 from each side
.31475 = .0425t
Divide each side by.0425
.31475/.0425 = .0425t/.0425
7.405882353 = t
7.405882353 years
Answer:
<em>5 footballs were sold for every 2 basketballs sold.</em>
Step-by-step explanation:
2.5 times as many football as basketball was sold last year
This can be represented as
1 basket ball sold = 2.5 footballs sold
for every 2 basketball sold, number of football sold = 2.5 x 2 = <em>5 footballs</em>
Answer:
$2,543.84 is your answer.
Step-by-step explanation:
What you do first is you have to figure out the 5.99% interest rate.
150 x 5.99 = 8.99
150 + 8.99 = $158.99
Now multiply that by 16
158.99 x 16 = $2,543.84 is your answer.
Answer:
6 years
Step-by-step explanation:
So each person's age can be represented as a linear equation, since each year our age increases by 1. It can be represented in the slope-intercept form: y=mx+b. The slope in this case is going to be 1, since the time is going to be years, and each year everyone's age goes up by 1 (of course if you're still alive...) and y-intercept in this case represents their current age.
So the father can be represented as: y=x+38
The sons can be represented as: y = x+13 and y=x+5
The daughter can be represented as: y=x+8
So adding up all his children you get:
(x+13)+(x+5)+(x+8)
This gives you the equation:
3x+26
Now set this equal to the father's age to solve for x (in this context it's years)
3x+26=x+38
Subtract from both sides
2x+26=38
Subtract 26 from both sides
2x=12
Divide both sides by 2
x=6
So in 6 years the father will be the same age as his children put together
