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astra-53 [7]
3 years ago
9

I need help in this

Mathematics
1 answer:
svlad2 [7]3 years ago
8 0

Answer:

x = 4

Step-by-step explanation:

Since the rectangles are similar, use a ratio.

15/6 = 10/x

or

6/15 = x/10

I will use 15/6 = 10/x to solve this problem, but both ratios should work to solve this problem.

15/6 = 10/x

Cross Multiply:

6(10) = 15x

Solve:

60 = 15x

x = 4

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Tasha invests $5,000 annually at 6% and an additional $5,000 annually at 8%. Thomas invests $10,000 annually at 7%. Which statem
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Answer:

B is correct.

Step-by-step explanation:

Compound Interest Formula:

V(t)=P(1+\frac{r}{n})^{nt}

Tasha invests in two ways

Case 1:

  • Principal P=$5,000
  • Rate of Interest r=0.06
  • Time t=t
  • n=1

V(t)=5000(1+0.06)^t

V(t)=5000(1.06)^t

Case 2:

  • Principal P=$5,000
  • Rate of Interest r=0.08
  • Time t=1
  • n=1

V(t)=5000(1+0.08)^t

V(t)=5000(1.08)^t

Total amount yield by Tasha = 5000[(1.06)^t+(1.08)^t]

Thomas Investment

  • Principal P=$10,000
  • Rate r= 0.07
  • t=t
  • n=1

Total amount yield by Thomas = 10000(1.07)^t

Now we make table for Tasha and Thomas different value of t

    t                  Tasha                  Thomas

   1                  $10,700                 $10,700  

   2                 $11,450                  $11,449

   3                 $12,254                 $12,250

   4                 $13,115                  $13,108

In table we can see Tasha investment will yield more from Thomas.

Thus, Tasha’s investment will yield more over many years because the amount invested at 8% causes the overall total to increase faster.

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