Answer:
D = $8637.45
Step-by-step explanation:
Rate = 3.65% = 0.0365
Principal = 5000
Time (t) = 15 years
N = 12 (since its compounded monthly)
Compound interest (A) = P(1 + r/n)^nt
A = 5000(1 + 0.0365 / 12)^15*12
A = 5000(1 + 0.00304)¹⁸⁰
A = 5000(1.00304)¹⁸⁰
A = 5000 * 1.7269
A = 8634.86
The investment would worth $8634.86
Note: the final answer may vary slightly from the answer in the options due to ± from approximation
Answer:
u = 156.25
Step-by-step explanation:
Step 1: Write equation
31.25 = u/5
Step 2: Solve for <em>u</em>
- Multiply both sides by 5: 156.25 = u
- Rewrite: u = 156.25
Step 3: Check
<em>Plug in u to verify it's a solution.</em>
31.25 = 156.25/5
31.25 = 31.25
just a plain vanilla substitution
Answer:
x<15, probably
Step-by-step explanation:
maybe multiply 2 to each side to eliminate the fraction. so 3x+15<60. subtract 15 to isolate the variable term so 3x<45. divide by 3 to isolate x so x<15. check the work. is the inequality true for all values of x less than 15? let's try the first possible integer value, 14, to be sure. 3(14)+15= 57. so 57/2<30. now 57/2 is 28.5 and 28.5<30 so it seems right
