The reduced fee is $3. If 6 rounds is $32 and the first round is $17, subtract 17 from 32 and you get 15. Divide that by 5 because there are five rounds left, you get $3
Answer:
- equivalent rate: 7.186%
- compounded 16 times
Step-by-step explanation:
The equivalent interest rate is the rate that would have to be applied so it would earn the same amount in 1 year. It is computed from ...
requiv = (1 +r/n)^n -1
requiv = (1 +0.07/4)^4 -1 ≈ 7.186%
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"Compounded quarterly" means interest is compounded 4 times per year. In 4 years, it will be compounded 4·4 = 16 times.
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The balance in the account after 4 years is ...
$600·(1 +.07/4)^(4·4) ≈ $791.96
The value of x is 2/9
Given equation x +2/3 = 8/9
We need to find the value of x
Simplifying the equation is
x+2/3 = 8/9
x = 8/9 -2/3
Taking L.C.M of the denominators 3 and 9
The L.C.M is 9
So we will multiply the numerator and denominator with 1 in 8/9
And we will multiply the numerator and denominator with 3 in 2/3
Hence the new equation formed = 8/9-6/9
Solving this equation we get
8-6 / 9
= 2 / 9
Hence the value of x is 2/9
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Answer:
x + (x - 9)
Step-by-step explanation:
Michelle has x dollars
Tony has x - 9 dollars
Total amount of money the two have is;
x + (x - 9)
