Write 7/14 • (-7/12) in lowest terms

Anna wants to buy a car in two years and wants to have $10,000 for the purchase. How much will Anna need to deposit today in an

Brut [27]

Answer:

Anna will need to deposit $\$9,050.25$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=2\ years\\A=\$10,000\\ r=0.05\\n=12$

substitute in the formula above and solve for P

$10,000=P(1+\frac{0.05}{12})^{12*2}$

$10,000=P(1.0042)^{24}$

$P=10,000/(1.0042)^{24}$

$P=\$9,050.25$

8 0

3 years ago

What is 8 4/5+7 2/3

Citrus2011 [14]

Answer:

16 7⁄15

Step-by-step explanation:

Find the Least Common Denominator [LCD], which is 15.

7⅔ → 7 10⁄15

+

8⅘ → 8 12⁄15

15 22⁄15 → 167⁄15

I am joyous to assist you anytime.

4 0

3 years ago

You decide to put $2,000 in a savings account to save for a $3,000 downpayment on a new car. If the account has an interest rate

DanielleElmas [232]

It takes 10.155 years until you have $3,000 ⇒ 3rd

Step-by-step explanation:

The formula for compound interest, including principal sum is:

$A=P(1+\frac{r}{n})^{nt}$ , where

A is the future value of the investment/loan, including interest
P is the principal investment amount
r is the annual interest rate (decimal)
n is the number of times that interest is compounded per unit t
t is the time the money is invested or borrowed for

∵ You decide to put $2,000 in a savings account

∴ P = 2000

∵ You want to save for $3,000

∴ A = 3000

∵ The account has an interest rate of 4% per year and is

compounded monthly

∴ r = 4% = 4 ÷ 100 = 0.04

∴ n = 12 ⇒ compounded monthly

- Substitute all of these values in the formula above to find t

∵ $3000=2000(1+\frac{0.04}{12})^{12t}$

- Divide both sides by 2000

∴ $1.5=(1+\frac{1}{300})^{12t}$

∴ $1.5=(1\frac{1}{300})^{12t}$

- Change the mixed number to an improper fraction

∴ $(1.5)=(\frac{301}{300})^{12t}$

- Insert ㏒ for both sides

∴ $log(1.5)=log(\frac{301}{300})^{12t}$

- Remember $log(a)^{n}=nlog(a)$

∴ $log(1.5)=(12t)log(\frac{301}{300})$

- Divide both sides by $log(\frac{301}{300})$

∴ 121.84 = 12 t

- Divide both sides by 12

∴ 10.155 = t

It takes 10.155 years until you have $3,000

Learn more:

You can learn more about the compound interest in brainly.com/question/4361464

#LearnwithBrainly

5 0

3 years ago

Log10 (2x + 1) - logio(3x - 2) = 1

Pavlova-9 [17]

Answer: x=3/4

Step-by-step explanation:

To solve, first express the left side as one logarithm. To do so, apply the quotient rule which is log_bM/N=log_bM-log_bN .

log((2x+1)/(3x-2))=1

Then, express the equation to its equivalent exponential form to eliminate the logarithm.

Note that the exponential form of log_b M=a is M=b^a .

Since the base of the logarithm in the given equation is not written, it indicates that its base is 10.

So re-writing the equation, it becomes:

log_10((2x+1)/(3x-2))=1

And its exponential form is:

(2x+1)/(3x-2)=10^1

(2x+1)/(3x-2)=10

Now that the equation has no more logarithm, the next step is to remove the x in the denominator.

To do so, multiply both sides by 3x-2.

(3x-2)*(2x+1)/(3x-2)=10*(3x-2)

2x+1=30x-20

Next, combine like terms.

To combine 30x and 2x, bring them together on one side of the equation. So, move 2x to the right side by subtracting both sides by 2x.

2x-2x+1=30x-2x-20

1=28x-20

To combine 20 and 1, bring them together on the side opposite the term with x. So, add both sides by 20.

1+20=28x-20+20

21=28x

And, divide both sides by 28 to have x only at the right side.

21/28=(28x)/28

3/4=x

Hence, the solution to the given equation is x=3/4 .

3 0

3 years ago

What is the answer and how did you get it ?

grin007 [14]

Total of 2.7. ---Anna had 0.5 Sam 0.75 Michelle 0.45 and Paige 0.70

7 0

3 years ago

Read 2 more answers