Explain why the triangles are similar. Then find the value of x.
1 answer:
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<h2>______________________________</h2><h2>Solve for x | Solution and Explanation </h2>
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Hello! So...
We are given the following:
Solve for x.
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1. Group the like terms.
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2. Add similar elements ().
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3. Subtract 23 from both sides.
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4. Simplify.
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5. Divide both sides by 4.
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6. Simplify.
(aka. Option A)
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Hope this helps!
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Time period t = 45 years
- Compounded monthly n = 12
To determine:
- Principle amount P = ?
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
