Answer:
the interest rate is $183.89 =~ $ 184
Step-by-step explanation:
In this question, Antuan deposited $2590 into a 3 year CD (Certificate of Deposit) at an interest rate of 2.3% compounded quarterly. We need to find the interest account earned after 3 years.
Formula used will be :
Where
P= Principal amount
r= interest rate (in decimals)
n= no of times the interest is compounded
t = no of years
Here we are subtracting P because we only need interest amount and not the future value.
Using this formula and finding the value will be:
P= $2590
r = 2.3 % or 0.023
n = 4
t = 3
So the interest rate is $183.89 =~ $ 184
<h2>HOW TO: SOLVE AN APPLICATION</h2>
Step 1. Identify what you are asked to find and choose a variable to represent it.
Step 2. Write a sentence that gives the information to find it.
Step 3. Translate the sentence into an equation.
Step 4. Solve the equation using good algebra techniques.
Step 5. Check the answer in the problem and make sure it makes sense.
Step 6. Write a complete sentence that answers the question.
Remember that whatever the application, once we write the sentence with the given information (Step 2), we can translate it to a percent equation and then solve it.
Do you pay a tax when you shop in your city or state? In many parts of the United States, sales tax is added to the purchase price of an item. See Figure 6.7. The sales tax is determined by computing a percent of the purchase price.
To find the sales tax multiply the purchase price by the sales tax rate. Remember to convert the sales tax rate from a percent to a decimal number. Once the sales tax is calculated, it is added to the purchase price. The result is the total cost—this is what the customer pays.
Answer:
Step-by-step explanation:
There is a formula for the area of a sector given the radius and the angle measure.
n = angle measure
r = radius
Answer <u>(assuming it can be in slope-intercept form)</u>:
Step-by-step explanation:
1) First, find the slope of the line between the two points by using the slope formula, 
. Substitute the x and y values of the given points into the formula and solve:
Thus, the slope of the line is 
.
2) Next, use the point-slope formula 
to write the equation of the line in point-slope form. Substitute values for 
, 
, and 
in the formula.
Since represents the slope, substitute in its place. Since and represent the x and y values of one point the line intersects, choose any of the given points (it doesn't matter which one, it will equal the same thing) and substitute its x and y values into the formula as well. (I chose (-2,0), as seen below.) Then, isolate y and expand the right side in the resulting equation to find the equation of the line in slope-intercept form:
6/3 is equal to the number 2
