So what this is is
many words
assuming year 0 is 2017
so compound first thing till 2020, take out 30000
the remaining is copmpounded til 2022, take out 50000
remaining is compounded for 1 more year and that is equal to 80000
so from 2017 to 2020, that is 5 years
from 2020 to 2022 is 2 years
from 2022 to 2023 is 1 year
work backwards
A=P(r+1)^t
last one
A=80000
P=?
r=0.08
t=1 year
80000=P(1.08)^1
divide both sides by 1.08
I would leave in fraction
20000000/27=P
now that is the remaining after paying 50000, after 2 years of compounding
so
50000+(2000000/27)=P(1.08)^2
solve using math
about
106374=P
now reverse back
5 years
paid 30000
30000+106374=P(1.08)^5
solve using math
92813.526=P
round
$92813.53
put $92813.53 in the fund
The simplest form is 4y+6?
you distribute the 4 to everything in the parentheses and then combine like terms so you would combine the 8 and -2
C. "David's equation is correct, because their spending will be multiplied by the number of months and then subtracted from their savings"
they are technically saying "Look we have 12,350 to use. How long (y) will the savings (12,350) last after using 240 each month (x)
so the amount they use *PER* month gets subtracted from the savings because they are using that money to pay with
Hope this helps :)
2x - 6 = 20
2x = 20 + 6
2x = 26
x = 26/2
x = 13 <==
Answer:
1240
Step-by-step explanation:
the explanation is very long but I hope this is correct!
