If she deposited $600 and had $621.60 after four years, then she earned: $621.60 - $600 = $21.60 in four years. It means in one year she earned $21.60 ÷ 4 = $5.40. Now we have to find out how many percent of $600 is $5.40:
$5.40 = x% from $600
5.4 = x/100 * 600
5.4 = 600x/100 / * 100 (both sides)
540 = 600x / ÷ 600 (both sides)
x = 0.9
So the interest rate was 0.9% annually.
Now we have to find out how much is 0.9% from $1100:
$1100 * 0.9% =
= 1100 * 9/1009 =
= 9900/1000 =
= 9.9
It means in one year she would earn $9.90. After 7 years she would earn $9.90 * 7 = $69.30, so she would have in her account:
$1100 + $69.30 = <u>$1169.30</u>
Answer:
n = 8
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Equality Properties
Step-by-step explanation:
<u>Step 1: Define Equation</u>
6n + 7 = 55
<u>Step 2: Solve for </u><em><u>n</u></em>
- Subtract 7 on both sides: 6n = 48
- Divide 6 on both sides: n = 8
<u>Step 3: Check</u>
<em>Plug in n into the original equation to verify it's a solution.</em>
- Substitute in <em>n</em>: 6(8) + 7 = 55
- Multiply: 48 + 7 = 55
- Add: 55 = 55
Here we see that 55 does indeed equal 55.
∴ n = 8 is a solution of the equation.
A function is a set of ordered pairs in which no two different ordered pairs have the same x -coordinate. An equation that produces such a set of ordered pairs defines a function. What is the catch? There can be at most one output for every input.