Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
We can express an equation to find the fraction of the catering order that is sandwiches or salads by summing up the fractions of the sandwiches and the salads, in this case, the fraction of the sandwiches is 5/12 and the fraction of the salads is 2/12, then the equation looks like this:
c = 5/12 + 2/12, option B is the correct answer
Answer:x=-7
Step-by-step explanation:
Answer:
4x+20=31
Step-by-step explanation:
So one hour of bowling is 20 dollars and they bowled for one hour hence the 1x20 which is equal to 20. That is the base coast we add to the variable of x that is the cost of renting one pair of shoes. And since they rented 4 pairs of shoes you multiply x by 4 to get 4x. Add the 20 dollars they paid to bowl and it is 4x+20. They paid 31 dollars in total so equal the equation to 31. 4x+20=31. Solution is $2.75 per pair of shoes. (If you want an explanation as to how to get the answer, just ask
Answer:
1/2
Step-by-step explanation:
1/2*1*1= 1/2
