Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Answer:
I think 705.79 if I did it right
Step-by-step explanation:
500(1+.09/1)^4 = 705.79
Answer:it is only (x,y) -> (3x, 3y)
Step-by-step explanation: I just took the test and got it right,, hope it helped :)
Answer: Each bow needs 4.67 yards of ribbon.
Step-by-step explanation:
We know that each roll has 20 yd.
She used 3 + 1/2 rolls, then the total length used will be (3 + 1/2) times the length of each roll, this is:
(3 + 1/2)*20 yd = (6/2 + 1/2)*20yd = (7/2)*20yd = 70 yd.
With tose 70 yards of ribbon, she made 15 bows, then the length of ribbon used in each bow will be equal to the quotient between the total length used and the number of ribbons made with it, this is:
70yd/15 = 4.67 yards
Each bow needs 4.67 yards of ribbon.
Answer:
D
Step-by-step explanation:
