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ArbitrLikvidat [17]

2 years ago

10

Daniel deposits $300 into an account that earns 16% interest annually. Which equation can be used to model his account balance,

y, after x years?

1 answer:

MAVERICK [17]2 years ago

5 0

Answer:

$y=300(1+0.16)^x$

Step-by-step explanation:

<h2>This account can be modeled using the compound interest formula.</h2><h2>the compound interest formula is expressed as</h2>

$A= P(1+r )^t$

Where

A =final amount = y

P=initial principal balance = $300

r=interest rate = 16%= 0.16

t=number of time periods elapsed= x

Hence the equation to model his account balance/ final amount A (y) after time (x) years is

$y=300(1+0.16)^x$

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QUESTION A

The given multiplication problem is

$\frac{39}{64} \times \frac{8}{13}$

Factor each term to obtain;

$\frac{13\times 3}{8\times8} \times \frac{8}{13}$

Cancel out the common factors to obtain;

$\frac{1\times 3}{8\times1} \times \frac{1}{1}$

Simplify to get;

$\frac{3}{8}$

QUESTION B

The given multiplication problem is

$\frac{2}{3}\times \frac{1}{5}\times \frac{4}{7}$

This the same as

$\frac{2\times 1\times 4}{3\times 5\times 7}$

This simplifies to;

$\frac{8}{105}$

QUESTION C

The given problem is

$\frac{3}{5}\times \frac{10}{12} \times \frac{1}{2}$

This is the same as

$\frac{3}{5}\times \frac{5}{6} \times \frac{1}{2}$

$=\frac{1}{1}\times \frac{1}{2} \times \frac{1}{2}$

This simplifies to

$=\frac{1}{4}$

QUESTION D.

The given expression is

$\frac{4}{9}\times 54$

Factor the 54 to obtain;

$\frac{4}{9}\times 9\times 6$

Cancel the common factors to get;

$\frac{4}{1}\times 1\times 6$

This simplifies to;

$=24$

QUESTION E

The given problem is

$20\times 3\frac{1}{5}$

Convert the mixed numbers to improper fraction to obtain;

$=20\times \frac{16}{5}$

$=4\times5 \times \frac{16}{5}$

Cancel the common factors to get;

$=4\times1 \times \frac{16}{1}$

$=64$

QUESTION F

The multiplication problem is

$11 \times 2 \frac{7}{11}$

Convert the mixed numbers to improper fractions to obtain;

$11 \times \frac{29}{11}$

Cancel out the common factors to get;

$=1 \times \frac{29}{1}$

Simplify;

$=29$

QUESTION G

The given problem is

$5\frac{1}{3}\times 5\frac{1}{8}$

Convert to improper fractions;

$=\frac{16}{3}\times \frac{41}{8}$

Cancel out the common factors to get;

$=\frac{2}{3}\times \frac{41}{1}$

$=\frac{82}{3}$

Convert back to mixed numbers

$=27\frac{1}{3}$

QUESTION H

The given expression is

$10\frac{2}{3} \times 1\frac{3}{8}$

Convert to improper fraction to get;

$\frac{32}{3} \times \frac{11}{8}$

Cancel common factors to get;

$=\frac{4}{3} \times \frac{11}{1}$

Simplify

$=\frac{44}{3}$

Convert back to mixed numbers;

$=14\frac{2}{3}$

7 0

3 years ago