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Igoryamba
3 years ago
13

Write a proportion for 56% of a number is 244

Mathematics
1 answer:
Misha Larkins [42]3 years ago
6 0
\frac{56}{100} =  \frac{244}{x} So, You cross multiply and get 56x=244(100). Simplify and you get 56x=24400. Divide each side by 56 and you get 435.71. 56% of about 435.71 is 244.
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Carlos deposited $7,924 into a savings account 30 years ago. The account has an interest rate of 4.6% and the balance is current
exis [7]

Answer:

n = 1, this means the interest compounds ANNUALLY.

Step-by-step explanation:

Carlos deposited $7,924 into a savings account 30 years ago. The account has an interest rate of 4.6% and the balance is currently $30,541.83. How often does the interest compound?

Compound Interest Formula

: A = P(1 + r/n)^nt

A = Amount after time t

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Hence,

$30,541.83 = $7924(1 + 0.046/n)^30n

Divide both sides by 7924

$30,541.93/$7924 = (1 + 0.046/n)^30n

$30,541.93/$7924 = (n + 0.046/n)^30n

3.8543576477 = (n + 0.046/n)^30n

We take the logarithm of both sides

log 3.8543576477 = log (n + 0.046/n)^30n

Solving for n,

n = 1

Therefore, from the calculation above, since n = 1, this means the interest compounds ANNUALLY.

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Answer:

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Answer:

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