Answer: b=13, t=29
Step-by-step explanation:
Substituting the first equation into the second,
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer:
64 hope it helps
Step-by-step explanation:
Answer:
Barney 145 3 Days 310 Miles
Mary 250 5 Days 600 Miles
A) 3 D + 310 M = 145
B) 5 D + 600 M = 250
Multiplying A) by -5/3
A) -5 D - 516.6666M = -241.66666666
B) 5D + 600M = 250
Adding A) and B)
83.3333 M = 8.3333333333
M = .10 per mile
3 D = 114
Daily Rate = 38 dollars per day
Step-by-step explanation:
