If you get $2,000 for graduation gifts and invest it in an account that earns 1.5% interest

Mathematics

1 answer:

Eduardwww [97]2 years ago

5 0

Answer:

It is VERY important to use the attached formula.

Years = ln (Total / Principal) / rate

Years = ln (6,000 / 2,000) / rate

Years = ln (3) / rate

Years = 1.0986122887 / .015

Years = 73.24 years

This takes a LONG time because the interest rate is extremely low.

Step-by-step explanation:

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Convert these unlike fractions to equivalent like fractions and add them. You must use the LCD to get the answer correct. If pos

Kamila [148]

Answer:

Step-by-step explanation:

The fractions are: $\frac{1}{5}$ and $\frac{2}{3}$ . Let's take a look at the denominators: 5 and 3. The LCD of 5 and 3 is 15. 5x3=15, 3x5=15. So now we would multiply the denominators to make them the same number like this: $\frac{5}{15}$ and $\frac{10}{15}$ . Remember that if you multiply the denominator by a certain number, you must multiply the numerator by the same number as well. For example, in $\frac{2}{3}$ , we multiply 3 by 5 and 2 by 5. Same number. Now with that out of the way, let's work on the equation: $\frac{1}{5}$ + $\frac{2}{3}$ . We know it is the same as $\frac{5}{15}$ and $\frac{10}{15}$ . So now all we do is add the numerators together: 5+10=15 or $\frac{15}{15}$ . Now we have to reduce the fraction. $\frac{15}{15}$ can be reduced to 3 by dividing 15 by 5=3. The final fraction is $\frac{3}{3}$ or can be simply put as 3 since 3/3 is a whole number. That's it - you're done!