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Answer:
You have to use the formula for compound interest which is: A=P(1+r/n)^nt
The Givens info is:
A=?
P=1000
r= 6% = 0.06 (convert into decimal)
n=12(# of interest periods: since it is monthly n=12)
t=10
Now your formula should look like this:
A= 1000*(1+(0.06/12))^12*10
A=1000*(1.005)^120
A=1000*(1.819396734)
A=$1819.40
Step-by-step explanation:
The answer is 6
hope this helped
Answer:
- premium: 165 gallons
- water: 120 gallons
Step-by-step explanation:
Let 'a' represent the amount of 95% antifreeze in the mix. Then the amount of water is (285 -a). The mix has this amount of antifreeze in it:
0.95a +0(285 -a) = 0.55(285)
a = 0.55/0.95(285) = 165 . . . gallons of 95%
285 -a = 285 -165 = 120 . . . . gallons of water
There are 120 gallons of water and 165 gallons of premium antifreeze in the mixture.
