What brand is better ? Brand A: $2.50 Brand B: 35 for $3.25 Brand C: 50 for $5.25 Brand D: 100 for $10.00
1 answer:
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Answer:
Step-by-step explanation:
The standard compound interest formula is given by:
Where A is the amount afterwards, P is the principal, r is the rate, n is the times compounded per year, and t is the number of years.
Since we are compounding annually, n=1. Therefore:
Lester wants to invest $10,000. So, P=10,000.
He wants to earn $1000 interest. Therefore, our final amount should be 11000. So, A=11000.
And our timeframe is 3.3 years. So, t=3.3. Substituting these values, we get:
Let’s solve for our rate r.
Divide both sides by 10000:
We can raise both sides to 1/3.3. So:
The right side will cancel:
So:
Use a calculator:
So, the annual rate of interest needs to be about 0.03 or 3% in order for Lester to earn his interest.
Answer:
Step-by-step explanation:
Angles EBC and EDC are the same. and straight lines equal 180
so now to solve for x