You need a 15% acid solution for a certain test, but your supplier only ships 5% solution and 17.5% solution. If you need 20 lit
2 answers:
Answer:
4 liters of 5% and 16 liters of 17.5%
Step-by-step explanation:
Let quantity of 5% be x liters and of 17.5% be y liters
x+y=20 hence y=20-x
Introducing percentages
0.05x+0.175(20-x)=0.15*20
0.05x+3.5-0.175x=3
-0.125x=-0.5
Therefore, y=20-x=20-4=16
You need 4 liters of 5% and 16 liters of 17.5% to achieve 20 liters of 15% acid solution
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Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,
A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.