Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
122
Step-by-step explanation:
For this case we must build a quotient that, when multiplied by the divisor, eliminates the terms of the divide until it reaches the remainder.
It must be fulfilled that:
Dividend = Quotient * Divisor + Remainder
we have that the remainder is 122.
have a good day
9514 1404 393
Answer:
- waffle $8
- hashbrowns $1.50
Step-by-step explanation:
Using w and h for the costs of a waffle and hashbrowns, respectively, we can write the equations for the purchase amounts as ...
w + h = 9.50
2w + 3h = 20.50
Subtracting twice the first equation from the second gives ...
(2w +3h) -2(w +h) = (20.50) -2(9.50)
h = 1.50 . . . . . . simplify
w = 9.50 -h = 8.00 . . . . . find w using the first equation
The cost of a waffle is $8.00; the cost of hashbrowns is $1.50.
