//
If the 3 is an exponent, then the person above me is right.
-9 to 0 is 9 and 0 to 14 is 14.
Total distance = 9 +14 = 23
Part 1: <span>What is the periodic interest rate of jade investment?
Each compounding period is done semi-annually, which means twice a year. Since the given interest rate is annual, then 5.2% divided by half should yield the period interest rate, which is 2.6%
Part 2: </span><span>How many compounding periods does Jade's investment offer in a year? how about in 8 years?
In 1 year, there are 2 compounding periods. In 2 years, there are 16 compounding periods.</span>
Answer:
30
70
5 (5 nickels for every 1 quarter)
3s + 4j = 360
1s + 3j = 220
This one we can solve using substitution, in that
s + 3j = 220 implies s = 220 - 3j (subtract 3j from each side).
Now substitute into the first equation:
3(220 - 3j) + 4j = 360. Solve for jackets.
660 - 9j + 4j = 360 [Distributive property]
660 - 5j = 360 [Add -9j + 4j]
Subtract 360 from each side, and add 5j to each side.
660 - 360 - 5j + 5j = 360 - 360 + 5j
300 = 5j
Divide each side by 5.
$60 = price of a jacket.
Three of these plus a shirt runs $220.
3(60) = 180
180 + s = 220
180 - 180 + s = 220 - 180 [Subtract 180 from each side]
s = 40
Now we double check.
3(40) + 4 (60) = 120 + 240 = 360. This satisfies the first equation.
We could check the second one too, but I'm satisfied.
