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Y_Kistochka [10]
3 years ago
12

Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $2

5,000, approximately how much money is presently in the account?
a.
$5,875
b.
$11,820
c.
$19,125
d.
$23,960
Mathematics
2 answers:
Lunna [17]3 years ago
7 0
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18

We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73

The closest answer is:
<span>b.
$11,820</span>
yarga [219]3 years ago
5 0

Answer:

B. b. $11,820

Explanation:

I got the right answer on edge/e2020, and you need to

<u><em>STUDY ON YOUR MATH !!!</em></u>

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3 years ago
twice the number of donuts was only 6 less than 24 times the number of cream puffs. 10 times the number of cream puffs was only
Karolina [17]

donuts and cream puffs were  45 & 4 respectively !

<u>Step-by-step explanation:</u>

Here we have , twice the number of donuts was only 6 less than 24 times the number of cream puffs. 10 times the number of cream puffs was only 5 less than the number of donuts   We need to find how many donuts and cream puffs were there . Let's find out:

Let number of donuts and cream puffs are x & y respectively ! So ,

  • twice the number of donuts was only 6 less than 24 times the number of cream puffs

According to this statement equation is :

⇒ 2x=24y-6

⇒ x=12y-3            ................(1)

  • 10 times the number of cream puffs was only 5 less than the number of donuts

According to this statement equation is :

⇒ 10y= x-5

⇒ x=10y+5               ................(2)

Equation (1) & (2) :

⇒ 12y-3=10y+5

⇒ 2y=8

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Putting  y=4 in  x=12y-3  :

⇒ x = 12(4)-3

⇒ x = 45

Therefore , donuts and cream puffs were  45 & 4 respectively !

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