5. 9 - t/6 = 5
6. 12 + 8k = 48
7. 9 • 5t < 6
8. 4 • w <_ (less than or equal to) 51
Answer:
The number of years needed is 15.75 years.
Step-by-step explanation:
The investment amount (present value) = $200
Interest rate =4.5%
Double of investment = $400
Now we have to find the time or number of years in which the investment amount will be doubled. So, just use the below formula to find the number of years.
Future value = present value ×(1+interest rate)^n
400 = 200×(1+4.5%)^n
N = 15.75 years
The number of years required to double the amount is 15.75 years.
Answer:
k = 13.5
Step-by-step explanation:
Setup proportion and solve for k:
Cost of month plan = $40
Cost of minutes used = $0.45 after 700 minutes
Total cost = $48.10
Let x be the total minutes used
Total cost = 40 + 0.45(x - 700)
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Form the equation and solve x
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40 + 0.45(x - 700) = 48.10
40 + 0.45x - 315 = 48.10
0.45x - 275 = 48.10
0.45x = 48.10 + 275
0.45x = 323.10
x = 323.10 ÷ 0.45
x = 718
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Answer: John had used 718 mins this month
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