We can assign the value "2x" as the amount of money that Amelia which to achieve in twelve years.
So, his initial money is X.
We can try each percent to test if it could double the amount in 12 years.
x+0.06*12years*x=1.72X
x+0.12*12*x=1.44x
x+0.1*12*x=2.2x
x+0.166*12*x=2.992x
Therefore, the answer is 10 percent.
Answer: There are 4 possibilities. They are all listed below with their percents.
You can create a tree diagram to shows all of the possibilities. It will start with 2 branches and then each of those branches will have 2 branches.
The possibilities are: UU, UD, DU, DD
To find the probabilities of each, you have to multiply the percent for each together.
UU = 0.66 x 0.66 = 0.4356
UD = 0.66 x 0.34 = 0.2244
DU = 0.34 x 0.66 = 0.2244
DD = 0.34 x 0.34 = 0.1156
All you have to do is divide 61,640 by 8
61640/8=7705
There are, on average, 7,705 electric guitars sold in Alaska each year.
Answer:
Hello, hope this will help:)
Answer:
4335.61
Step-by-step explanation:
Using the equation A = P (1 + r/n)^nt
lets fill in the variables,
P (principal) is 3500.00
r (rate) is .04375 - we do this in decimal form
n (number of times interest is doubled) here it is annually, could be monthly or daily too, but we are told annually, so we use 1
t (time) is 5 years
So: 3500(1+.04375/1) ^ 1(5)
pemdas
parenthesis first 1 +.04375/1 = 1.04375
exponents next 1 x 5 = 5
so now we have 3500 (1.04375) ^5
take 1.04375 to the power of 5 (pemdas) then multiplication
= 3500(1.2387465058) or
A = 4335.61
This is the same result as calculating simple interest for 5 years but each year calculating off the new Principal amount that includes interest.
3500 x .04375 = 153.125 or 3653.125 *(year one)
159.82 = 3812.95
166.82 = 3979.77
174.11 = 4153.88
181.73 = 4335.61