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telo118 [61]
3 years ago
15

You deposit $700 in an account paying 7.7% simple interest. Find the future value of the investment after 2 years. (Enter a numb

er. Round your answer to two decimal places.)
Mathematics
1 answer:
Luda [366]3 years ago
5 0

Answer: The future value of the investment after 2 years is $807.8

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal or amount invested.

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 2 years

P = $700

R = 7.7%

Therefore

I = (700 × 7.7 × 2)/100

I = 10780/100

I = 107.8

The total amount in the account after 2 years would be

700 + 107.8 = $807.8

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3 years ago
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The school that DeShawn goes to is selling tickets to the annual dance competition. On the first day of ticket sales, the school
coldgirl [10]

Answer:

Both child tickets and senior tickets cost $14.

Step-by-step explanation:

Since the school that DeShawn goes to is selling tickets to the annual dance competition, and on the first day of ticket sales, the school sold 10 senior citizen tickets and 8 child tickets for a total of $ 252, while the school took in $ 280 on the second day by selling 10 senior citizen tickets and 10 child tickets, to determine what is the price of each of one senior citizen ticket and one child ticket, the following calculation must be performed:

10 senior tickets + 8 child tickets = 252

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28/2 = 1 child ticket

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3 0
3 years ago
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Kitty [74]
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7 0
3 years ago
Find the solution of ___ and determine if it is an extraneous solution
Alex

Answer:

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Step-by-step explanation:

4\sqrt{x + 2} = -16

Divide both sides by 4.

\sqrt{x + 2} = -4

Square both sides.

(\sqrt{x + 2})^2 = (-4)^2

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Since we squared both sides, we much check for extraneous solutions because the process of squaring both sides can introduce extraneous solutions.

Check x = 14:

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Identity property of multiplication

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