<u>Answer:</u>
The available amount for the down payment of car and invested $3,200 at 3.75% interest compounded continuously is 3449.23$
<u>Explanation:</u>
We know final amount is given by
Where,
A = final amount
P = initial principal balance = $3200
r = interest rate = 3.74%
t = number of time periods elapsed = 2 years
Substituting the values in the formula
A=
We know, e = 2.72
So we get A = 3449.23$ which is the available amount for the down payment of car .
Answer:
y = -5x + 4/3
Step-by-step explanation:
m is the slope and b is the y intercept. m= -5 so -5 is the slope and b= 4/3 so 4/3 is the y intercept.
Answer:
6.5 hours
Step-by-step explanation:
First try to find the rate he can paint per hour
375 ÷ 3 = 125 ft^2 per hour
Then try to find how long it should take it for him to paint 812.5 sq ft
812.5 ÷ 125 = 6.5 hours
Let "a" and "b" represent the values of the first and second purchases, respectively.
0.40*(original price of "a") = $10
(original price of "a") = $10/0.40 = $25.00 . . . . divide by 0.40 and evaluate
a = (original price of "a") - $10 . . . . . . Julia paid the price after the discount
a = $25.00 -10.00 = $15.00
At the other store,
$29 = 0.58b
$29/0.58 = b = $50 . . . . . . . divide by the coefficient of b and evaluate
Then Julia's total spending is
a + b = $15.00 +50.00 = $65.00
Julia spent $65 in all at the two stores.
Answer: $2294 should be invested in the simple interest account while $4588 should be invested in the certificate of deposit.
Step-by-step explanation:
Let x represent the amount that he would deposit in the simple interest account.
Let y represent the amount that he would deposit in the certificate of deposit.
she will deposit twice as much in the certificate of deposit. It means that
y = 2x
Interest from the simple interest account would be 7%. This mean that the interest would be 7/100 × x = $0.07x
Interest from the certificate of deposit account would be 5%. This mean that the interest would be 5/100 × y = $0.05y.
The total interest from both accounts would be $390. It means that
0.07x + 0.05y = 390- - - - - - - - - - 1
Substituting y = 2x into equation 1, it becomes
0.07x + 0.05 × 2x = 390
0.07x + 0.1x = 390
0.17x = 390
x = 390/0.17 = $2294
y = 2x = 2 × 2294
y = 4588
