Answer:
27 years
Step-by-step explanation:
The formula for the number of payments can be used:
N = -log(1 +0.05(1 -1000000/65000))/log(1.05) +1 = 27.03
There will be a couple thousand dollars left after the 27th payment.
The winnings will last 27 years.
Answer:
The common denominator is 100 because they dont have a number lower so 20*5 is 100 and 25*4 gives you 100
Step-by-step explanation:
4y^2 + 16y
You distribute the 2y into the 2y+8
Answer:
2
Step-by-step explanation:
Percent change = (new number - old number)/(old number) * 100
If the percent change is positive, it is a percent increase.
If the percent change is negative, it is a percent decrease.
In our case, the number goes from 500000 (the old number) to 60000 (the new number).
percent change = (new number - old number)/(old number) * 100
percent change = (60000 - 500000)/(500000) * 100
percent change = -88%
Answer: the percent decrease is 88%
