Answer:
$1,164.80
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, we need to change 6.5% into a decimal:
6.5% ->
-> 0.065
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:


The balance after 4 years will be $1,164.80
Answer:
48.75
Step-by-step explanation:
The salesmen makes a commission of 3.25%. So to get the percent into a usable form for this take 3.25 and divided by 100. You get 0.0325.
Now you take the 0.0325 and mutliply it by the 1500. This gives you 48.75
Answer:
Step-by-step explanation:
This is a commission problem. Here is the formula:
P x R
= 5.75 x 0.20
= $1.15
<em>Jack's tip was $1.15. :D</em>
Key: P = Original Price R = Commission Rate
Answer:
10.8 - 2.5n
Step-by-step explanation:
2.8 + 8 = 10.8
4.5n - 2n = 2.5n
The answer is: " 5/2 ; or, write as: "2 ½ " ; or, write as: "2.5" .
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15/ (3x - 6) ;
Substitute "4" for "x" ; and solve:
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Note: (3x -6) = 3(4) - 6 = 12 - 6 = 6 ;
Rewrite the expression:
15/6 = (15 ÷ 3) / (6 ÷ 3) = 5/2 ; or, write as: "2 <span>½ " ; or, write as: "2.5" .
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