Answer:
The future value of this initial investment after the six year period is $2611.6552
Step-by-step explanation:
Consider the provided information.
A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.
Future value of an investment:
Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.
9% compounded semiannually for 6 years.
Therefore, the value of r is:
Number of periods are: 2 × 6 = 12
Now substitute the respective values in the above formula.
Hence, the future value of this initial investment after the six year period is $2611.6552
Answer:
614.2857143
Step-by-step explanation:
10 small boxes and 11 large boxes were shipped.
Step-by-step explanation:
Given,
Total boxes shipped = 21
Total volume of shipped boxes = 342 cubic feet
Volume of each small box = 10 cubic feet
Volume of each large box = 22 cubic feet
Let,
Number of small boxes = x
Number of large boxes = y
According to given statement;
x+y=21 Eqn 1
10x+22y=342 Eqn 2
Multiplying Eqn 1 by 10
Subtracting Eqn 3 from Eqn 2
Dividing both sides by 12
Putting y=11 in Eqn 1
10 small boxes and 11 large boxes were shipped.
Keywords: linear equation, subtraction
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