Tim installs 50 square feet of his floor in 45 minutes. At this rate, how long does it take him to install 495 square feet? (Ple
2 answers:
You might be interested in
Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.
Answer:
x=1, y=7
Step-by-step explanation:
y = -3x + 10 - first equation
y=-3x + 4 - second equation
rearrange the expression to
-3x-y= -10
3x-y= -4
pick an equation and simplify; lets pick the second equation
3x-y= -4
divide 3 by both sides
x= - third equation
substitute the value of x into an equation; lets pick the first equation
-3x-y= -10
-3- y = -10
simplify. -3 cancels 3 so we are left with
-1(-4+y)-y = -10
simplify
4-y-y= -10
4-2y= -10
subtract 4 from both sides
-2y= -10-4
-2y= -14
divide -2 by both sides
y=7
substitute the value of y, (y=7) in an equation, we are using the second equation
3x-y= -4
3x-7= -4
3x = -4+7
3x= 3
divide 3 by both sides
x=1
so the answer is x=1, y=7