Answer:
<em>1500(1.02)^x + 600x</em> is how much he has in savings at the end of x years where it be in the bank or elsewhere
Step-by-step explanation:
x is in years
Let's just think about the investment of 1500 in an account earning 2% per year.
Before the years even start, you are at 1500 ( present value).
The next year (year 1), it would be 1500*.02+1500=(1500)(1.02).
The next year (year 2), it would be 1500(1.02)(.02)+1500(1.02)=1500(1.02)(1.02).
We keep multiplying factors of (1.02) each time.
So for year x, you would have saved 1500(1.02)^x.
Now we are saving 50 cash per month. Per year this would be 12(50) since there are 12 months in a year. 12(50)=600.
So the first year you would have 600.
The second year you would have 600(2) or 1200.
The third year you would have 600(3) or 1800.
Let's put this together:
1500(1.02)^x + 600x
24 were of the questione were correct
Answer:
10
Step-by-step explanation:
(2/3) x (15)
is the same as
(2/3) x (15/1)
which means after you multiply them you get:
30/3
which simplifies to:
10
Set up ratio problem
.2 oz butter / (1/15) lb jelly = x / 1 lb jelly
Then cross multiply the stuff opposite each other in the fractions... set it up as a multiplication problem
.2 × 1 = (1/15) × x
.2 = (1/15)x
Multiply both sides of equation by 15 to clear out the (1/15) fraction and get x
x = 3
