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Eduardwww [97]
3 years ago
10

Solve the equation. Then check your solution. 11 minus 19 m = negative 16 m minus 16 a. 9 c. –9 b. StartFraction 27 Over 35 EndF

raction d. 1 and two-thirds
Mathematics
1 answer:
Juli2301 [7.4K]3 years ago
5 0
11 - 19m = -16m -16 subtract 11 on both sides, and you get -19m = -16m -27. Then you add 16m to both sides, so its -3 = -27, and once you divide both sides by -3, it equals m = 9 :)
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Answer:

The approximate monthly rate of growth is 1.24%

Step-by-step explanation:

we have the future value formula

F=P(1+r)^t

we have

r=16\%=16/100=0.16 ----> annual interest rate

so

F=P(1+0.16)^t

F=P(1.16)^t

Find the approximate monthly rate of growth

Remember that

1\ year=12\ months

so

Divide the number of periods t by 12

F=P(1.16)^{\frac{t}{12}}

Applying power rules property

F=P(1.16^\frac{1}{12})^t

F=P(1.0124)^t}

1.0124-1=0.0124

Convert to percentage

0.0124*100=1.24\%

therefore

The approximate monthly rate of growth is 1.24%

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