20 is what percent of 52? Round your answer to the nearest tenth.
2 answers:
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Answer:
Given that:
The equation for the future value of a deposit earning compound interest is equation:
.....[1]
where,
P = the initial deposit
t = years invested
r = rate at which interest is compounded annually
.
n = number of times the interest is compounded per year
As per the statement:
After 10 years, a $2,000-dollar investment compounded annually has grown to $3600.
⇒P = $2000 and V(t) = $3600
Substitute in [1] we have;
Divide both sides by 2000 we have;
Taking log base 10 both sides we have;
⇒
Divide both sides by 10 we have;
⇒
Simplify":
Subtract 1 from both sides we have;
or
r = 0.06 = 6%
Therefore, 6% is the interest rate to the nearest whole-number percent
<h2>A.</h2>
So let's break down this sentence (Let n = unknown number):
- "A number is doubled and then 1 is added to it"; Remember that double means multiplied by 2. With this sentence, we can determine that "2n + 1" is a part of the equation.
- "The answer is divided by 5, and then increased by 16"; The "answer" they refer to is "2n + 1" from the prior sentence. Since this is divided by 5 and <em>then</em> added by 16, we can determine that
is a part of our equation.
- "The final result is 18"; This means that the prior part of the equation is equal (=) to 18. <u>With this info, our full equation is
</u>
Now, let's solve our prior equation found in A. To solve for the unknown number, n, we need to isolate the variable onto 1 side of the equation. Firstly subtract both sides by 16 to cancel out the + 16 on the left side:
Next, multiply both sides by 5 to cancel out the division on the left side:
Next, subtract both sides by 1 to cancel out the + 1:
Lastly, divide both sides by 2 to cancel out the multiplication:
<u>In short, the number is 9/2 or 4.5.</u>