How much will $4800 deposited in an account earning 3% interest compounded annually be worth in 15 years?

Solve.

abruzzese [7]

Answer:

$x=\frac{15}{4}=3\frac{3}{4}$

Equation:

$\frac{2}{3}x+\frac{5}{6} =\frac{10}{3}$

<h3>Step-by-step solution</h3>

Linear equations with one unknown

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1. Group all constants on the right side of the equation

$\frac{2}{3}\cdot x+\frac{5}{6}=\frac{10}{3}$

Subtract $5/6$ from both sides:

$\frac{2}{3}x+\frac{5}{6}-\frac{5}{6}=\frac{10}{3}-\frac{5}{6}$

Combine the fractions:

$\frac{2}{3}\cdot x+\frac{5-5}{6}=\frac{10}{3}-\frac{5}{6}$

Combine the numerators:

$\frac{2}{3}\cdot x+\frac{0}{6}=\frac{10}{3}-\frac{5}{6}$

Reduce the zero numerator:

$\frac{2}{3}\cdot x+0=\frac{10}{3}-\frac{5}{6}$

Simplify the arithmetic:

$\frac{2}{3}\cdot x=\frac{10}{3}-\frac{5}{6}$

Find the lowest common denominator:

$\frac{2}{3}\cdot x=\frac{10\cdot 2}{3\cdot 2}+\frac{-5}{6}$

Multiply the denominators:

$\frac{2}{3}\cdot x=\frac{10\cdot 2}{6}+\frac{-5}{6}$

Multiply the numerators:

$\frac{2}{3}\cdot x=\frac{20}{6}+\frac{-5}{6}$

Combine the fractions:

$\frac{2}{3}\cdot x=\frac{20-5}{6}$

Combine the numerators:

$\frac{2}{3}\cdot x=\frac{15}{6}$

Find the greatest common factor of the numerator and denominator:

$\frac{2}{3}\cdot x=\frac{5\cdot 3}{2\cdot 3}$

Factor out and cancel the greatest common factor:

$\frac{2}{3}\cdot x=\frac{5}{2}$

2. Isolate the x

$\frac{2}{3}\cdot x=\frac{5}{2}$

Multiply both sides by inverse fraction 3/2:

$\frac{2}{3}x\cdot \frac{3}{2}=\frac{5}{2}\cdot \frac{3}{2}$

Group like terms:

$\frac{2}{3}\cdot \frac{3}{2}x=\frac{5}{2}\cdot \frac{3}{2}$

Simplify the fraction:

$x=\frac{5}{2}\cdot \frac{3}{2}$

Multiply the fractions:

$x=\frac{5\cdot 3}{2\cdot 2}$

Simplify the arithmetic:

$x=\frac{15}{2\cdot 2}$

Simplify the arithmetic:

$x=\frac{15}{4}$

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Why learn this

Linear equations cannot tell you the future, but they can give you a good idea of what to expect so you can plan ahead. How long will it take you to fill your swimming pool? How much money will you earn during summer break? What are the quantities you need for your favorite recipe to make enough for all your friends?

Linear equations explain some of the relationships between what we know and what we want to know and can help us solve a wide range of problems we might encounter in our everyday lives.

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Terms and topics

Linear equations with one unknown

4 0

2 years ago

I really need help with this .

gavmur [86]

Answer:

x= 12

Step-by-step explanation:

Here we have vertical angles, this means that they are angles that are across from each other on vertical lines. So, they equal each other.

The equation would be: 60= 5x

The only step is to divide 5 to both sides of the equation.

5 5

x= 12

8 0

3 years ago

Read 2 more answers

Yesterday, Grace drove 44 1/2 miles. She used 1 1/4 gallons of gasoline. What is the unit rate for miles per gallon?

Lera25 [3.4K]

Answer:

35.6 miles per gallon.

I'm not sure but good luck :)

Step-by-step explanation:

7 0

3 years ago

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PLSSSSSSSS HELP CORRECT ANSWER GETS BRAINLIEST

Vesnalui [34]

Answer:

A. 2 bags

Step-by-step explanation:

12x5=60

60 divided by 2 = 30

30 divided by 15 equals 2 bags

Please tell me if this is correct or incorrect

Hope this helps

8 0

3 years ago

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What is the measure of angle dcu

Scilla [17]

I need more info

Step-by-step explanation:

I can help If i had more info

7 0

3 years ago