In 5 years, the price increased about 30%.
I am not good at perentages, so correct me if I'm wrong. Also this is an estimation, not the exact percentage.
Answer:
x = 21
Step-by-step explanation:
Givens:
Every triangle's interior angles add up to 180°
The triangle has a right angle.
The triangle is isosceles (two equal sides and two equal angles)
Let's make an equation with the information we have already.
2 × (2x + 3) + 90 = 180
4x + 6 + 90 = 180
4x + 96 = 180
4x = 84
x = 21
It would be 9 because 2 x 3 = 6 and then 6 + 3 = 9
Hello :
wt = wx +xt
xt = wt - wx=(4x+5) - (x+5) = 3x
The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
