What is the y value in this equation ?X(0)=(-1/3y)+6
1 answer:
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Answer:
$6414
Step-by-step explanation:
Step one
given
Principal=$2,000
rate= 6%= 0.06
Time= 20 years
Required
The final amount
Step two:
The compound interest formula is
A= P(1+r)^t
substituting we have
The amount given to the college is $6414
Let Benny's salary = $ K
But kenny earns 142% of Benny's Salary
So, Kenny's salary = 142%of K
Kenny's salary =K
Kenny's salary = 1.42K
Kenny's income exceeds Benny's by =1.42K - K =$0.42 K
% by which Kenny's salary exceeds by Benny's =
% by which Kenny's salary exceeds by Benny's = 42%