1200+0.075x>=3300 what is the solution to the inequality
1 answer:
Solving inequalities is just like solving any other Algebraic problem...look to P.E.M.D.A.S. (Parenthesis, Exponents, Division, Addition, Subtraction). So lets take a look at this problem now.
1200 + 0.075x
3300
Subtract 1200 from both sides...
0.075x2100
Now divide by 0.075...
x28000
NOTE: If you divide or multiple by a negative number while solving inequalities, you must flip the sign. Ex: You answer would be x
28000 if you would've multiplied or divided by a negative.
1200 + 0.075x
Subtract 1200 from both sides...
0.075x
Now divide by 0.075...
x
NOTE: If you divide or multiple by a negative number while solving inequalities, you must flip the sign. Ex: You answer would be x
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Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore