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GenaCL600 [577]
4 years ago
12

Gerold invested $118 in an account that pays 6 percent simple interest. how much money will he have at the end of 5 years

Mathematics
1 answer:
JulsSmile [24]4 years ago
6 0
If you would like to know how much money will Gerold have at the end of 5 years, you can calculate this using the following steps:

1 year: $118 + 6% * $118 = 118 + 6/100 * 118 = 118 + 7.08 = $125.08
2 year: $125.08 + 6% * $125.08 = 125.08 + 6/100 * 125.08 = 125.08 + 7.50 = $132.58
3 year: $132.58 + 6% * $132.58 = 132.58 + 6/100 * 132.58 = 132.58 + 7.95 = $140.53
4 year: $140.53 + 6% * $140.53 = 140.53 + 6/100 * 140.53 = 140.53 + 8.43 = $148.96
5 year: $148.96 + 6% * $148.96 = 148.96 + 6/100 * 148.96 = 148.96 + 8.94 = $157.9

The correct result would be $157.9.
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Answer:

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Step-by-step explanation:

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If one side of the square is shortened by y/2 and the adjacent side is lengthened by y/2, then the difference in side lengths will be y. The area of the resulting rectangle will be ...

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That is, the difference in area between the square and the rectangle is ...

  (x/4)^2 - ((x/4)^2 -(y/2)^2) = (y/2)^2 = y^2/4

The positive difference between the area of the square region and the area of the rectangular region is y^2/4 square meters.

5 0
4 years ago
Ace Cars says they will pay Jim a 10% commission on the sale price of each car. Budget Cars says they will pay him $500 per week
Arisa [49]

Answer:

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Step-by-step explanation:

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If you prefer, you can get there with equations.

At Job 1, the pay is ...

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Setting the equal (the two opportunities pay the same), we have ...

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Jim would have to sell a $20,000 car each week for the jobs to pay the same.

8 0
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stepan [7]
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3 years ago
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Answer:

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Step-by-step explanation:

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3 0
3 years ago
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