Ceasar wants to save up his money to buy a house. He currently has $32,000 in his savings account and wants to have $275,000. Wh
1 answer:
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<h2>Answer </h2>
D. 6x>_360; x>_60
<h2>Explanation</h2>Let be amount you will save each weeks
Since we know that you are saving over a period of 6 weeks, you will save .
We also now that your goal is to save at least $360.00 over the period of 6 weeks, so saving more than $360.00 will be very desirable, but the goal is to save $360.00. We can rephrase this as: You need to save $360.00 or more; we can say the same using the inequality symbol (greater on equal than)
Now we can combine our tow parts using the inequality symbol:
To simplify divide both sides by 6:
You need to save at least $60 per week, so the correct answer is D. 6x>_360; x>_60
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
solve for r
convert to percentage (multiply by 100)