.010416666666. Use conversion factors to solve.
If $1500 is invested at an interest rate of 4.75% per year, compounded quarterly, find the value of the investment after the giv
1 answer:
You might be interested in
Answer:
The possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares by purchasing land.
Step-by-step explanation:
Let the variable <em>X</em> represent the amount of land used for planting trees and <em>Y</em> represent the amount of land purchased.
The goal of the environmental initiative is to save at least 25 million hectares of rain forest.
That is:
<em>X</em> + <em>Y</em> = 25....(i)
Now it is provided that:
- The cost of planting trees is $ 400 per hectare.
- The cost of purchasing land is $ 260 per hectare.
- The initiative has a budget of $8,250 million.
Using the above data it can be said that:
400<em>X</em> + 260<em>Y</em> = 8250....(ii)
Solve equations (i) and (ii) simultaneously.
Then the value of <em>y</em> is:
Thus, the possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares for purchasing land.
That shows the answer of how to do it
