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charle [14.2K]
3 years ago
6

You want to save $10,000 to buy a new car You doposit 6500in an account earning 7.5% simple interest. After how long will you ha

ve enough money
in the account to purchase the car? Round your answer to the nearest whole number
Mathematics
1 answer:
Stells [14]3 years ago
7 0

Answer:

After 7.5 years we will have enough money in the account to purchase the car.      

Step-by-step explanation:

Amount needed to be saved = $10000

Principal = $6500

So, Simple Interest = $3500

Rate of Interest = 7.5%

                         = 0.075

Now, Simple Interest = Principal × Rate × Time

⇒ 3500 = 6500 × 0.075 × Time

⇒ 3500 = 487.5 × Time

⇒ Time = 7.18 years ≈ 7.5 years

Hence, after 7.5 years we will have enough money in the account to purchase the car.

Step-by-step explanation:

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Answer: x = 5/3

Step-by-step explanation:

Let the number be x

Then

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3x = 5

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however, if k = n - 1, then k + 1 = n.  So let's use those fellows then,

\bf \sum\limits_{n=2}^{10}~-2n-3\qquad 
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