A store plans to sell two different game consoles, the Wii and the xbox. The store’s wholesale price for the Wii is $250, and th
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Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since, }
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
It is given in the question that
Ann, Chang, and Kareem sent a total of 89 text messages over their cell phones during the weekend. Ann sent 9 fewer messages than Chang. Kareem sent 3 times as many messages as Ann.
Let number of messages Chang sent be x. And Ann sent 9 fewer than Chang, so Ann sent (x-9) messages. And Kareem sent 3 times as many messages as Ann, so Kareem sent 3(x-9) messages.
And the total messages are 89. That is
Combining like terms
So Chang sent 25 messages, Ann sent
And Kareem sent