Given:
• Amount to save, A = $28,000
,
• Time, t = 6 years
,
• Interest rate, r = 5.3% ==> 0.053
,
• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:
Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:
Let's solve for P.
We have:
Solving further:
Divide both sides by 28.0384237:
Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60
Answer:
Number of small candles = 12
Number of large candles = 16
Step-by-step explanation:
Total candles = 28
x + y = 28 ---------------(I)
Cost of 'x' small candles = 4 *x = 4x
Cost of 'y' large candles = 6 *y = 6y
Total amount = $144
4x + 6y = 144 -------------(II)
Multiply equation (I) by (-4) and then add the equation. So, x will be eliminated and we can find the value of 'y'
(I) * (-4) -4x - 4y = -112
(II) <u> 4x + 6y = 144</u> {Now, add}
2y = 32
y = 32/2
y = 16
Plug in y = 16 in equation (I)
x + 16 = 28
x = 28 - 16
x = 12
4y + 48 - 16x = 0 ~Solve for y~
4y = -48 + 16x
y = -12 + 4x
The slope is 4.
We'll use the point (1, 4) and m = 4.
Plug these into the equation: y - y1 = m(x - x1)
y - 4 = 4(x - 1)
y - 4 = 4x - 4
y = 4x
Answer:91
Step-by-step explanation:
Take the area of the large square - 10*10 =100
Then subtract the area of the white square - 3*3 = 9
So 100-9 =91 units^2