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Triss [41]
3 years ago
13

Moe puts $1500 in a bank certificate that pays an annual rate of 4.5% compounded annually. No withdrawals or deposits are made.

How much will the certificate be worth (to the nearest dollar) at the end of 7 years?
Mathematics
1 answer:
SpyIntel [72]3 years ago
6 0

Answer:

FV= $2,041.29

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,500

Number of periods (n)= 7 years

Interest rate (i)= 4.5% = 0.045

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,500*(1.045^7)

FV= $2,041.29

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Marge purchased bicycle helmets and tire pumps. Each helmet cost $12.00 and each pump cost $8.00. She purchased a total of 18 it
algol [13]

Answer:

11

Step-by-step explanation:

Let the no. of helmet be x

cost of 1 helmet = $12.00

cost of x helmet = $12.00*x = $12x

Let the no. of tire pumps be y

cost of 1 tire pumps = $8.00

cost of x tire pumps = $8.00*y = $8y

Given that total no. of helmet and pump is 18

thus

x + y = 18

y = 18-x

also given

total money spent is $188

thus

12x+8y = 188

using y = 18 - x

we have

12x + 8(18-x) = 188

=> 12x+ 144 - 8x = 188

=> 4x = 188-144 = 44

=> x = 44/4 = 11

Thus, no of helmet bought by Margo is 11.

7 0
3 years ago
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sleet_krkn [62]

Answer:

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Step-by-step explanation:

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2 years ago
What is 3x3 – 11x2 – 26x + 30 divided by x – 5?
ahrayia [7]
Hello :
 3x3 – 11x2 – 26x + 30 divided by x – 5 is :<span>3x2 + 4x – 6
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frosja888 [35]

Answer:

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Step-by-step explanation:

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Divide each side by -8

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