Answer: x = 6
Step-by-step explanation: If you take 88.56 + 5x = 19.76x, an equation, you should first rearrange the variables to the left side of the equation: 5x - 19.76x = -88.56.
Next, you should combine your like terms. So, -14.76 = -88.56.
Then, divide both sides of the equation by the coefficient of variable. So, x = -88.56 / -14.76./
Lastly, calculate. Determine the sign for multiplication or division, so x = 88.56 / 14.76. Multiply both the numerator and denominator with the same integer. So, x = 8856 / 1476. Cross out the common factor, then you get your answer of x = 6
The amount of money Justin would have in his account than Aaron, to the nearest dollar is $0
What is the future value formula for continuous compounding cash flow?
The future value, which is used to determine the worth of this investment of $740 made now in 18 years is as shown below:
FV=PV*e^(rt)
FV=the worth of the investment in 18 years=unknown
PV=the amount invested today=$740
e=mathematical exponential value=2.7182818
r=rate of interest which compounded continuously=5%
t=time of investment in years=18
FV=$740*2.7182818^(5%*18)
FV=$740*2.7182818^(0.90)
FV=$740*2.459603087981220
FV=$1,820.11
Justin:
FV=PV*(1+r/m)^(n*m)
PV=$740
r=5%
m=number of times in a year that interest is compounded=365
m=number of years=18
FV=$740*(1+5%/365)^(18*365)
FV=$1,819.99
difference=$1,820.11-$1,819.99
difference=$0.12($0 to the nearest dollar)
Find out more about continuous compounding on:brainly.com/question/23136156
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This is an example of the commutative property of multiplication.
That property states:
So using that property, we can figure out that
3 should be in the blank.
