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Ivahew [28]
2 years ago
15

40% of xxx is 35.

Mathematics
1 answer:
Sholpan [36]2 years ago
4 0

Answer:

87.5

Step-by-step explanation:

40% = 35

1% = 0.875

x = 0.875 x 100 = 87.5

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Seth has a bank account which pays 1.01% interest, compounded quarterly. Seth withdraws $4,567 from the account every quarter fo
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Answer:

C. $538,021.66

Step-by-step explanation:

It is given that the money Seth withdraws was compounded every quarter for 35 years. So, we get,

Amount withdrawn every quarter, P = $4567

Rate of interest, r  = \frac{0.0101}{4} = 0.002525

Time period, n = 35 × 4 = 140

Now, as we know the formula for annuity as,

P=\frac{r \times PV}{1-(1+r)^{-n}}

where P = installments, PV = present value, r = rate of interest and n = time period.

This gives, PV=\frac{P \times [1-(1+r)^{-n}]}{r}

i.e. PV=\frac{4567 \times [1-(1+0.002525)^{-140}]}{0.002525}

i.e. PV=\frac{4567 \times [1-(1.002525)^{-140}]}{0.002525}

i.e. PV=\frac{4567 \times [1-0.7021]}{0.002525}

i.e. PV=\frac{4567 \times 0.2975}{0.002525}

i.e. PV=\frac{1358.68}{0.002525}

i.e. PV=538,091.08

So, the closest answer to initial value of the account is $538,021.66

Hence, option C is correct.

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3 years ago
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(8.4x + 2.9) + (-3.7x + 5).
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Step-by-step explanation:

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