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kumpel [21]
2 years ago
6

What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of

5 percent, compounded annually?
Mathematics
1 answer:
nlexa [21]2 years ago
7 0
<span>In 3 years, you will have $8,103.38

Formula:
</span>

<span>A = P (1 + r/n)<span> ^(nt)</span></span>

Where:

A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for

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Please help me with this question please
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5 0
3 years ago
A grapefruit is 8% heavier than an orange, and an apple is 10% lighter than the orange.
likoan [24]
Weight of an grapefruit=weight of an orange+8% weight of an orange
weight of an apple=weight of an orange -10% weight of an orange

a.<span>By what percentage is the grapefruit heavier than the apple?
We should find the connection between grapefruit and an apple. We know the connection between the weight of a grapefruit and an orange, we know the connection between an orange and an apple, so this means we know the connection between a grapefruit and an apple.
</span>
weight of an grapefruit=weight of an <span>orange+8% weight of an orange
</span>weight of an orange=weight of an apple<span> +10% weight of an apple
</span>
-> weight of an grapefruit=weight of an apple+10% weight of an apple + 8%(weight of an apple+10% weight of an apple)= weight of an apple + 18% weight of an apple + 2% weight of an apple= <span>weight of an apple + 20% weight of an apple 

</span><span>b.By what percentage is the apple lighter than the grapefruit?
</span>weight of an grapefruit=weight of an apple + 20% weight of an apple<span> 
</span>
-> The apple ts 20% lighter than the grapefruit.
8 0
3 years ago
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What is the answer to 3/5 x 10/21 in simplest form???
jeka94
6/21 I think cause you can't go down any more
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3 years ago
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