$2.80 but if rounded to the nearest penny that would be $3.00. Hope this helps!
Answer:
figure it out your self stop having other people do your work for you
Step-by-step explanation:
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
Answer:
no, it's not.
Step-by-step explanation:
300- 284 = 16
284 - 236 = 48
236 - 156 = 80
156 - 44 = 112
for every one the top line goes up, the bottom line changes too, but it's not at a constant rate. it's not constant, therefore it cannot be linear.
the rate of change formula (or slope formula, they're the same thing) is :
y2- y1/ x2 -x1 and to solve it you plug in the points. x is the same a t and y is h
284-300/ 1-0
-16 /1
-16 (this is the rate of change between the first two points)
236- 284/ 2-1
-48/ 1
-48 (rate of change between the second and third points)
since the rate of change isn't constant, it's not possible for it to be a linear relationship.
Ok so x is the original price and we want to solve if the original price was 48 so x=48. When we substitute this into the equation we get 0.75(48)-0.15(0.75x48). When we simplify this expression we get 30.6. The current price is $30.60. Hope this helps.
