What does ii and i mean in math?
2 answers:
You might be interested in
Answer: Option D
D. 880 = 45d + 70; 18 days
Step-by-step explanation:
We know that the cost of preschool is $ 45 per day plus a monthly fee of $ 70.
We also know that a total of $ 880 was paid last month
To write an equation that represents this situation, let us call d the number of days that Barry attends school
So the cost was:
Now we solve the equation for the variable d
The answer is the option D
Given:
• Amount to save, A = $28,000
,• Time, t = 6 years
,• Interest rate, r = 5.3% ==> 0.053
,• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:
Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:
Let's solve for P.
We have:
Solving further:
Divide both sides by 28.0384237:
Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60