Answer:
Suppose that a couple invested $50,000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, ( A ) Give an exponential model for the situation, and ( B ) Will the money be doubled by the time the child turns 18 years old?
( A ) First picture signifies the growth of money per year.
( B ) Yes, the money will be doubled as it's maturity would be $108,537.29.
a = p(1 + \frac{r}{n} ) {}^{nt}a=p(1+
n
r
)
nt
a = 50.000.00(1 + \frac{0.044}{1} ) {}^{(1)(18)}a=50.000.00(1+
1
0.044
)
(1)(18)
a = 50.000.00(1 + 0.044) {}^{(1)(18)}a=50.000.00(1+0.044)
(1)(18)
a = 50.000.00(1.044) {}^{(18)}a=50.000.00(1.044)
(18)
50,000.00 ( 2.17074583287910578440507440 it did not round off as the exact decimal is needed.
a = 108.537.29a=108.537.29
Step-by-step explanation:
Hope This Help you!!
Answer: 90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love you.
Step-by-step explanation:
Use the formula 42600 ÷ (6.9 ÷<span> 100) to calculate this !
</span>42,600 ÷ (6.9 ÷ 100) = <span>617391.304348. Round this to 617391 since you can't sell a percentage of a book.
</span>
To check this, calculate 6.9 percent of 617391.304348. 0.069 · 617391.304348 = 42,600.
Answer:
x=12
Step-by-step explanation:
ab=dc so 15=x+3 you subtract 3 from both sides... x=12
Answer:
Substitution method can be used
Step-by-step explanation:
Given the system of equations
y = 2x-1 ....1
-12x + 3y = 9 ....2
The best method to use id the substitution method
Substitute equation 1 into 2;
From 2;
-12x + 3y = 9
-4x + y = 3
-4x + 2x-1 = 3
-2x -1 = 3
-2x = 3+1
-2X = 4
x = -4/2
x = -2
Substitute x = -2 into 1
y = 2x - 1
y = 2(-2)-1
y = -4-1
y = -5
Hence the solution to the system of equation is (-2, -5)
