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ololo11 [35]
3 years ago
10

Over a 10 year period, an original principal of $4500 accumulated to $6925 in an account in which interest was compounded semian

nually. Determine the effective annual rate of interest (rounded to 2 decimal places)
Mathematics
1 answer:
forsale [732]3 years ago
8 0

Answer:

Determine the effective annual rate of interest (rounded to 2 decimal places)

% anual 4,36%

Step-by-step explanation:

Monthly % anual % semiannualy N Monthly Exponentiation     VF

4500 4,36%     2,18%                 20 4500          1,54 6.925,41

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How do I solve this?<br><br> x/3 + x^2 + 2x^2 - x/3
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Answer:

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2 years ago
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2 years ago
A waitress sold 15 ribeye steak dinners and 18 grilled salmon​ dinners, totaling ​$559.81 on a particular day. Another day she s
Orlov [11]

Let  the steaks = X and the salmon = y.

Set up two equations:

15x + 18y = 559.81

19x + 9y = 583.66

Now using the elimination method:

Multiply the second equation by -2, then add the equations together.

(15x+18y=559.81)

−2(19x+9y=583.66)

Becomes:

15x+18y=559.81

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Add these equations to eliminate y:

−23x=−607.51

Divide both sides by -23 to solve for x:

x= -607.51 = -23 = 26.413478

Now you have the cost for a steak.

To solve for the cost of the salmon, replace x with the value in the first equation and solve for y.

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Subtract 396.202174 from both sides:

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Divide both sides by 18:

y = 163.607826 / 18

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7 0
3 years ago
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