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Sliva [168]
3 years ago
5

Edgar accumulated $4,000 in credit card debt. If the interest rate is 30% per year, and he does not make any payments for 2 year

s, how much will he owe (in dollars) on this debt in 2 years by each method of compounding? (Simplify your answers completely. Round your answers to the nearest cent.)
Mathematics
1 answer:
never [62]3 years ago
7 0

Answer:

$7,459.12

Step-by-step explanation:

The formula for continuous compounding is

A = Pe^(rt), where P is the original amount, A is the accumulated amount, r is the interest rate as a decimal fraction, and t is the number of years.  We want to know how much he will owe on this original $5,000 credit card debt after 2 years.

A = $5,000e^(0.20*2)

  = $7,459.12

Step-by-step explanation:

hope this helps

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3. Levinson’s Hardware store has a number of bikes and trikes for sale. There are 27 seats and 60 wheels, all told. Determine ho
Arada [10]

Answer:

The answer to your question is 21 bikes and 6 trikes

Step-by-step explanation:

Data

27 seats

60 wheels

there are bikes and trikes

Process

1.- Remember that both bikes and trikes have only 1 seat, then there are 27 bikes and trikes.

2.- Bikes only have 2 wheels and trikes have 3 wheels.

3.- We know that there are in total 60 wheels, so let's guess

- There are 10 bikes that mean 20 wheels and 17 trikes, that means 51 wheels, total number of wheels = 17 + 51 = 71

- There are 15 bikes = 30 wheels and 12 trikes = 36 wheels

  Total number of wheels = 30 + 36 = 66

- There are 18 bikes = 36 wheels and 9 trikes = 27 wheels

 Total number of wheels = 36 + 27 = 63

- There are 21 bikes = 42 wheels and 6 trikes = 18 wheels

  Total number of wheels = 42 + 18 = 60 wheels

  DONE!!!

7 0
4 years ago
How do you collect like terms
pentagon [3]
Add them together 
e.g - 5a +6+6a+7
= 11a+13

6 0
3 years ago
When 5 is added to a certain number the aanswer is still the same as multiplied by 5.what is that number​
Anarel [89]

Hey there! I'm happy to help!

Let's call our number n. Here is the information we have.

n+5=5n

We subtract 5n from both sides.

n+5-5n=0

Combine like terms.

-4n+5=0

Subtract 5 from both sides.

-4n=-5

Divide both sides by -4.

n=5/4

Our number is 5/4 or 1 1/4. If you add 5 to 5/4, you get 6 1/4. If you multiply 5/4 by 5, you get 25/4 which is also 6 1/4.

Have a wonderful day! :D

8 0
3 years ago
Jack broke apart 5 x 216 as 5 times 200 plus 5 times 16 to multiply mentally what strategy did Jack use?
nordsb [41]
Jack used the distributive property and this is because he broke it down into (5x200)+(5x10)+(5x6) and so if you added all of the products you should get 1080 and so thank you for your question.
3 0
3 years ago
4x-5y=-45 <br> in slope intercept form
kkurt [141]

Answer:

y=4/5x+9

Step-by-step explanation:

-5y=-4x-45

y=4/5x+9

5 0
3 years ago
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