LCD is 20
3/5 -> 12/20
1/20 -> 1/20
Answer:
The number is 12
Step-by-step explanation:
Let x = number
2x+16 = 40
Subtract 16 from each side
2x+16-16 =40-16
2x = 24
Divide by 2
2x/2 =24/2
x = 12
$7881.18
Step-by-step explanation:
Let the initial Investment be 
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here 
is the interest rate, i.e 
, and t is the number of time periods, i.e 
= 
∴ Initial Investment = $7881.18
Answer:
Step-by-step explanation:
1.first 330,000 divided by 100 wich Is 3300 then multiply that by 4 wich is 13,200
2. then 330,000 divided by 1000 wich is 330 multiply that by 5 wich is 1,650
3. Add 1,650 + 13,200 + 330,000 wich is 344,850.00 so a
