What division problem does the model represent? ...÷1/3 The quotient is...
2 answers:
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<span>The correct answer is $1452.50 per year.
Explanation:<span>
We use the formula
</span></span>![P(1+\frac{r}{n})^{nt}+PMT(\frac{[(1+\frac{r}{n})^{nt}-1]}{\frac{r}{n}})\times (1+\frac{r}{n})](https://tex.z-dn.net/?f=P%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D%2BPMT%28%5Cfrac%7B%5B%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D-1%5D%7D%7B%5Cfrac%7Br%7D%7Bn%7D%7D%29%5Ctimes%20%281%2B%5Cfrac%7Br%7D%7Bn%7D%29)
,<span><span>
where P is the amount of principal invested, r is the interest rate as a decimal number, n is the number of times per year the interest is compounded, PMT is the monthly deposit added, and t is the number of years.
Since the amount of principal is not stated, we will assume that Bob is depositing the same amount every following year as he does the first year, so we will let PMT=P.
Our interest rate, r, is 4.2%; 4.2%=4.2/100=0.042.
The number of times the interest is compounded annually, n, is 1.
The amount of time, t, is 7.
We know he wants $50,000. This gives us the equation
50000=P(1+0.042/1)</span></span>⁽¹ˣ⁷⁾<span><span>+P{[(1+0.042/1)</span></span>⁽¹ˣ⁷⁾<span><span>]/(0.042/1)}*(1+0.042/1).
Simplifying this a bit, we have
50000=P(1.042)</span></span>⁷<span><span>+P((1.042</span></span>⁷<span><span>)/0.042)*(1.042).
We can factor out P, giving us
50000=P[1.042</span></span>⁷<span><span>+((1.042</span></span>⁷<span><span>)/0.042)*1.042].
This then gives us
50000=P(34.4234).
Divide both sides:
50000/34.4234 = (P(34.4234))/34.4234,
which gives us P=1452.50.</span></span>
Explanation:<span>
We use the formula
</span></span>
where P is the amount of principal invested, r is the interest rate as a decimal number, n is the number of times per year the interest is compounded, PMT is the monthly deposit added, and t is the number of years.
Since the amount of principal is not stated, we will assume that Bob is depositing the same amount every following year as he does the first year, so we will let PMT=P.
Our interest rate, r, is 4.2%; 4.2%=4.2/100=0.042.
The number of times the interest is compounded annually, n, is 1.
The amount of time, t, is 7.
We know he wants $50,000. This gives us the equation
50000=P(1+0.042/1)</span></span>⁽¹ˣ⁷⁾<span><span>+P{[(1+0.042/1)</span></span>⁽¹ˣ⁷⁾<span><span>]/(0.042/1)}*(1+0.042/1).
Simplifying this a bit, we have
50000=P(1.042)</span></span>⁷<span><span>+P((1.042</span></span>⁷<span><span>)/0.042)*(1.042).
We can factor out P, giving us
50000=P[1.042</span></span>⁷<span><span>+((1.042</span></span>⁷<span><span>)/0.042)*1.042].
This then gives us
50000=P(34.4234).
Divide both sides:
50000/34.4234 = (P(34.4234))/34.4234,
which gives us P=1452.50.</span></span>
Answer:
Complete question:
write a function that gives mapiyas cumulative earnings E(n), in dollars when she has written n sequel's
Step-by-step explanation:
According to the question, she earned $75000 for the first book.
Also,We are given that her cumulative earnings double with each sequel that she writes.
Assuming she has written n sequel's
Now since we are given that her cumulative earnings double with each sequel
So, her initial earning will be times
So, her earning will be :
Now we are given that cumulative earnings is denoted by E(n)
So, the function becomes :
Hence a function that gives Mapiya's cumulative earnings E(n), in dollars when she has written n sequel's is