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Shkiper50 [21]
3 years ago
8

You wish to accumulate $14,580 in 6 years. Payments are made at the end of every six-month period into an account earning 7.2% c

ompounded semi-annually. Find the required payment amount to accomplish your goal.
Mathematics
1 answer:
BlackZzzverrR [31]3 years ago
7 0
Equation required for this question:

an • 1.072^n = 14,580

Where a = payment every half year and n = number of half years

There are 12 half years in 6 years.

Therefore n = 12, substitute this.

12a • 1.072^12 = 14,580

12a = 14,580 / 1.072^12

12a = 6,330~

a = 527.5 ~
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The area of a rectangle has decreased by 2%.
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Answer:

The other side was decreased to approximately .89 times its original size, meaning it was reduced by approximately 11%

Step-by-step explanation:

We can start with the basic equation for the area of a rectangle:

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Now let's rearrange both of those equations to solve for a / l.  Starting with the first and easiest:

w = a/l

now the second one:

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wp = 0.98a / 1.1l

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Now with both of those equalling a/l, we can equate them:

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We can then divide both sides by w, eliminating it

1.1wp / 0.98w = w/w

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1.1p = 0.98

p = 0.98 / 1.1

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We can double check that too.  Let's multiply that by the scaled length and see if we get the two percent decrease:

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That should be 0.98, and we're close enough.  That difference of 1/1000 is due to rounding the 0.98 / 1.1 to .89.  The actual result of that fraction is 0.89090909...  if we multiply that by 1.1, we get exactly .98.

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