So what this is is
many words
assuming year 0 is 2017
so compound first thing till 2020, take out 30000
the remaining is copmpounded til 2022, take out 50000
remaining is compounded for 1 more year and that is equal to 80000
so from 2017 to 2020, that is 5 years
from 2020 to 2022 is 2 years
from 2022 to 2023 is 1 year
work backwards
A=P(r+1)^t
last one
A=80000
P=?
r=0.08
t=1 year
80000=P(1.08)^1
divide both sides by 1.08
I would leave in fraction
20000000/27=P
now that is the remaining after paying 50000, after 2 years of compounding
so
50000+(2000000/27)=P(1.08)^2
solve using math
about
106374=P
now reverse back
5 years
paid 30000
30000+106374=P(1.08)^5
solve using math
92813.526=P
round
$92813.53
put $92813.53 in the fund
Suppose you have a Kohls coupon of $49000 and you want to know how much you will save for an item if the discount is 60 percent.
Solution:
Replacing the given values in formula (a) we have:
Amount Saved = Original Price x Discount in Percent / 100. So,
Amount Saved = 49000 x 60 / 100
Amount Saved = 2940000 / 100
Amount Saved = $29400 (answer).
In other words, a 60% discount for a item with original price of $49000 is equal to $29400 (Amount Saved).
Note that to find the amount saved, just multiply it by the percentage and divide by 100.
I encountered this problem before but it had an accompanying image and list of answer choices.
I'll attach the image and include the list of options.
Each unit on the grid stands for one mile. Determine two ways to calculate the distance from Josie's house to Annie's house.
A) Distance Formula and Slope Formula
B) Midpoint Formula and Slope Formula
C) Distance Formula and Midpoint Formula
<span>D) Distance Formula and Pythagorean Theorem
</span>
My answer is: D.) Distance formula and Pythagorean Theorem.
When looking at the image, I can visualize a right triangle. I'll simply get the measure of the long and short legs and solve for the hypotenuse.
Since the distance formula is derived from the Pythagorean theorem, it can be used to determine the distance from Josie's house to Annie's house.