christy spent $500 over her budget on gifts during the holidays. in addition to her regular job, she took a part-time job at the
1 answer:
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Answer:
2468.11 dollars
Step-by-step explanation:
Amount that should be available after four years =3000 $
Interest rate = 5%
No of years =4
Let P be the principal invested
Then
Hence 2468.11 dollars should be deposited to get 3000 dollars after 4 years at 5% interest.
Answer:
The money Rachael plan to collect for the shelter is <u>$345</u>.
Step-by-step explanation:
<u><em>There are some data missing in the question, so below is the complete question:</em></u>
Rachel is collecting donations for the local animal shelter. So far she has collected $245, which is 70% of what she hopes to collect. How much money does Rachel plan to collect for the shelter?
Now, to find the money Rachael plan to collect for the shelter.
Let the total money Rachael plan to collect be
The amount far she has collected = $245.
Percentage of amount she hopes to collect = 70%.
Now, to get the total money Rachael plan to collect:
<em>Dividing both sides by 0.70 we get:</em>
Therefore, the money Rachael plan to collect for the shelter is $345.