If you can, please explain the step by step process to finding the answer.
1 answer:
Answer:
20% peanuts are there in the mixture of nuts.
Step-by-step explanation:
Total weight of the mixture =25 lbs(10+15)
In the 25 lbs mixture of nuts, 68 % is peanuts, therefore finding the total weight of peanuts.
68 % of 25 lbs= 17 lbs.
There is a total 17 lbs of peanuts in the mixture .
15 lbs of peanuts was exclusively added, therefore the rest 2 lbs must have come from the mixture of nuts.
Therefore, there is a total of 2 lbs of peanuts in 10 lbs of mixture of nuts.
=20 %
20% peanuts are there in the mixture of nuts.
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Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,• Annual Interest Rate, r=16.5%=0.165
,• Compounding Period, k=12 (Monthly)
,• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
Substitute the values defined above:
Finally, simplify and round to the nearest cent.
After 7 years, Felipe will owe $25,193.17.