In order to solve this, you have to plug in all of the costs of the gifts and add them, which in all equals $36. since jim only has 1/4 of the money he needs to buy the gifts, you need to divide 36 by 4. this gives you 9, so now you know he has 9 dollars.
and to find out how much more money he needs, you can subtract 9 from 36 which represents a fourth of the required money. the answer is 27, that's how much jim needs in order to buy his gifts.
4/5 is a fraction equivalent to 32/40. This is in simplest form.
Another fraction that is equivalent to 32/40 is 16/20.
Answer:
13/20
Step-by-step explanation:
65%=65/100
65/100=13/20
Y=6.75x
He charges $6.75 per hour
The time it will take the principal to grow to the desired amount is 0.7 years
Using the compound interest formula :
A = P(1 + r/n)^(nt)
A = final amount = 225,000
P = principal = 180,000
r = rate = 3.12%
n = Number of compounding times per period = 12(monthly)
t = time
225000 = 180000(1 + (0.0312 /12))^(12t)
Divide both sides by 180000
225000/180000 = (1 + (0.0312 /12))^(12t)
1.25 = 1.026^12t
Take the log of both sides
0.0969100 = 0.0111473 × 12t
0.0969100 = 0.1337676t
Divide both sides by 0.1337676 to isolate t
0.0969100 / 0.1337676 = t
0.7244 years
0.7 years
It will take 0.7 years for the amount to grow
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