What does the time say ?
1 answer:
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Let's set it up like this:
Multiply both sides by
We are then going to use the distributive property. Since we also know that the opposite of an number that is squared is the square root, we can also apply that. We would be left with something like this:
The variable
can be both positive or negative.
We have found successfully our answer.
Let me know if you have any questions regarding this problem!
Thanks!
-TetraFish<span />
Multiply both sides by
We are then going to use the distributive property. Since we also know that the opposite of an number that is squared is the square root, we can also apply that. We would be left with something like this:
The variable
We have found successfully our answer.
Let me know if you have any questions regarding this problem!
Thanks!
-TetraFish<span />
The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴
∴
∴
- Divide both sides by
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
#LearnwithBrainly
Answer: The original price of washing machine is $250.
Step-by-step explanation:
Since we have given that
Rate of decline in normal prices = 17%
Amount of normal price reduced by = $42.50
Let the original price be x
According to question,
Hence, The original price of washing machine is $250.