Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:
Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.
With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:
The present value of your winnings is $102,677.20.
First thing you should do is reduce coefficients.
1st equation has all multiples of '2'. Divide by 2
---> x +3y = -6
2nd equation has multiples of 5. Divide by 5.
---> x - y = 2
Now elimination part is easier.
Eliminate 'x' variable by subtracting 2nd equation from 1st.
x + 3y = -6
-(x - y = 2)
----------------------
4y = -8
Solve for 'y'
4y = -8
y = (-8)/4 = -2
Substitute value for 'y' back into 2nd equation:
x - (-2) = 2
x + 2 = 2
x = 0
Solution to system is:
x=0, y =-2
Area of a triangle:
A (triangle )= 4 · 6 / 2 = 12 ft²
150 - 12 = 138 ft² ( the maximum area of the rectangle )
L = ?
W = 6 ft
A ( rectangle ) = L · W
L · 6 = 138
L = 138 : 6 = 23 ft.
Answer: the maximum length of the base of the rectangle he can build is 23 ft.
3/15 means if you pay the bill within 15 you will get a discount by 3%
Now solve your question
178.95−(178.95×0.03)
=173.58 be paid
__________________________________________
- ➠ Principal = $ 35000
- ➠ Rate of interest = 3%
- ➠ Time = 3 yrs (36 months)
