What we have so far:
INITIAL CASH AMOUNT IN THE BANK: USD3,000
ANNUAL INCREASE OF THE CASH AMOUNT IN THE BANK: 10%
YEARS THE CASH STAYED IN THE BANK: 2 years.
AMOUNT WITHDRAWN AT THE END OF YEAR 1: USD1,206
AMOUNT WITHDRAWN AT THE END OF YEAR 2: USD1,206
First, we need to solve for YEAR 1:
FOR YEAR 1:
Initial Deposit * Annual Increase Rate = Annual Increase
3,000 * 0.10 = Year 1's Annual Increase
Year 1's Annual Increase = USD300
∴The YEAR 1'S ANNUAL INCREASE IS USD300.
∴The NEW AMOUNT is now USD3,300.
BUT NOT SO FAST! After the year, you took out USD1,206.
New Amount - USD1,206 = Year 1 Amount
3,300 - 1,206 = Year 1 Amount
Year 1 Amount = USD2094
∴The YEAR 1 AMOUNT which will carry over to YEAR 2 is USD2094.
Now, let us solve for the REMAINING BALANCE.
FOR YEAR 2's Annual Increase:
YEAR 1 AMOUNT * Annual Increase = Year 2's Annual Increase
2094*0.10 = Year 2's Annual Increase
Year 2's Annual Increase = USD209.4
∴The YEAR 1'S ANNUAL INCREASE IS USD209.4.
∴The NEW AMOUNT is now USD2,303.4.
But you took out USD1,206
USD2,303.4 - USD1,206 = Remaining Balance
Remaining Balance = USD1097.4
∴The Answer is: USD1097.4
Answer:
$7,500
Step-by-step explanation:
You said it in the question.
Answer:
your friend is faster.
Step-by-step explanation:
2 km in 12 min means 3 km in 18 min.
you friend jogs those same 3 km in 16.5 min, so he or she is faster.
Answer:
Step-by-step explanation:
Total cake shared=1/2
Pete share=x
Bill= twice as much as Pete
=2x
Pete's share+ Bill's share=total share
x+2x=1/2
3x=1/2
x=1/2÷3
x=1/2×1/3
=1/6
Pete's share=x=1/6
Bill's share=2x
=2(1/6)
=2/6
=1/3
