Answer: x = 5/3
Step-by-step explanation:
Let the number be x
Then
3x + 4 = 9
3x = 9-4
3x = 5
x = 5/3
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Okay so first you have to subtract 17000 from 9200 to see how much money you have left to spend. Then once you get that number, which is 7800, you have to see what's that maximum number of acres that you can get. So you divide 7800 from 41.00 and you can get your answer. Your answer will be 190 acres. 190 acres is the highest you can go without going over budget.
The investment will be worth $4686.62 after 5 years.
<u>Step-by-step explanation</u>:
Principal, P = 3700
Rate, r = 4.75% = 0.0475
Number of years, t = 5 years
Number of times compounded, n = 5 times
Amount = P(1 + r/n)^nt
⇒ 3700 (1 + 0.0475/5)^25
⇒ 3700 (5.0475/5)^25
⇒ 3700 (1.0095)^25
⇒ 4686.62
∴ Amount = $4686.62