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koban [17]
3 years ago
6

Landon is going to invest in an account paying an interest rate of 6.6% compounded daily. How much would Landon need to invest,

to the nearest dollar, for the value of the account to reach $3,250 in 18 years?
Mathematics
2 answers:
mr_godi [17]3 years ago
8 0

Answer:

$990.95

Step-by-step explanation:

The computation of the present value or the invested amount is given below:

Given that

NPER = 18 × 365 days

RATE = 6.6% ÷ 365

FV = $3,250

PMT = $0

The formula is shown below:

= -PV(RATE;NPER;PMT;FV;TYPE)

AFter applying the above formula, the present value is $990.95

hammer [34]3 years ago
5 0

Answer:

the answer is 991 when rounded to the nearest dollar

Step-by-step explanation:

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A student had 500 milliliters of water in a water bottle. She drank 25% of the water before soccer practice. After practice, she
marta [7]

A student had 500 milliliters of water in a water bottle. She drank 25% of the water before soccer practice. After practice, she drank 1/3 of the remaining water.

​How much water, in milliliters, does the student have left in the bottle?

Answer:

the amount of water the student have left in the bottle is 250 milliliters

Step-by-step explanation:

A student had 500 milliliters of water in a water bottle. She drank 25% of the water before soccer practice. After practice, she drank 1/3 of the remaining water.

​How much water, in milliliters, does the student have left in the bottle?

Before the soccer practice, she drank 25 % of the water

25% of the water = 25% of 500

                             = 25% × 500

                              =\frac{25}{100} ×  500

At the right hand-side of the equation, the two zeros will cancel-out the other two zeros, hence;

                                = 25 × 5

                                 =125

25% of the water = 125 milliliters

From the question, it was said that drank 25% of the water before soccer, this implies that she drank 125 milliliters from the water bottles.

If she drank 125 milliliters of  from a 500 milliliters water contain in the water bottle, then the amount of water left will be 500 ml - 125 ml = 375 ml

This implies that before the soccer practice she had 375 milliliters of water left in the water bottle.

After the practice, she drank 1/3 of the remaining water, which means after the practice she drank 1/3 of 375

1/3 of 375 = \frac{1}{3} × 375 = \frac{375}{3} = 125

After the practice she drank 125 milliliters of water from her 375 milliliters water.

The amount of water she have left after the practice will be;

375 milliliters - 125 milliliters = 250 milliliters

Therefore, the amount of water the student have left in the bottle is 250 milliliters

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