Answer:28
Step-by-step explanation:
Julio's number is x
(X-13)*-3=-45
Divide by -3
X-13=15
Add13 to both sides
x=28
Answer: The goal was $500
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Work Shown:
x% = x/100
175% = 175/100 = 1.75
Let g be the goal, which is the amount of money the club wanted to raise
175% of goal = 175% of g = 1.75g
The expression 1.75g represents how much money was actually raised, which was $875. Set the two expressions equal to each other. Solve for g
1.75g = 875
g = 875/1.75 ....... divide both sides by 1.75
g = 500
The club's goal was to raise $500
Note how 75% of $500 is 0.75*500 = 375
When they raised 175% of the goal, this means they went 75% overboard and added on 375 additional dollars (on top of the 500 they wanted). So they got to 500+375 = 875 which lines up with the instructions. This helps verify the answer.
Or we can see that 1.75*g = 1.75*500 = 875 which helps confirm the answer as well.
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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(2x - y = -2)2
5x - 2y = -7
4x - 2y = -4
Subtract both
x = -3
5(-3) - 2y = -7
-15 - 2y = -7
-2y = 8, y = -4
Solution: (-3,-4)
