Answer:
how am i gonna solve the equation if i cant see the actual chart?
Step-by-step explanation:
A = P(1+i)ⁿ ==> compound interest where P= initial Capital, I =interest in% and n the number of years. A is the total amount collected over n years
A= 500(1.0325)¹² ==> 500(1+0.0325)¹² ==> 500(1+3.25%)¹²
The mistake is:
Either she has a yearly interest of 3.25% & she wrote 12 instead of 3 (years)
OR
She got a quarterly interest of 3.25% and in this case she should have divided 3.25& by 12 (4 quarter a year ==> 12 quarter for 3 years) by keeping as exponent the number 12 (right)
1)Now the Amount of A (as she wrote it) =500(1.0325)¹² = 734
2) If she wrote 12 instead of 3, and after correction A=500(1.0325)³ =550
3) But if she had taken the quarterly interest for a period of 3 years (12 Qrtr)
then A =500[1+(3.25%)/4]¹² = 551
Answer:
Step-by-step explanation:
Using I = PRT/100
where P = The principal amount invested = $5500
R = Rate of Interest =5%
T = Time (in years)
I = Interest = $7,739.05 - $5500 = $2239.05
Substituting the above values in the formula
I = PRT/100 becomes
2239.05 = 7,739.05 * 5 * t / 100 -------- Multiply 100 to both sides
2239.05 * 100 = 100 * 7739.05 * 5 * t / 100
223905 = 7739.05 * 5 * t
223905 = 38695.25t
Divide both sides by 38695.25t
223905/38695.25 = t
5.786369 = t
T = 5.79 (approximated)
How to solve with elimination: with the equations on the top, add the number on top and bottom if they share a variable such as x. do the rest for all of the numbers.
Answer:
22400
Step-by-step explanation:
280×80 miles
22400 miles
