If 25% of a number is 45, is the number greater or less than 45? Explain your answer. (Hint: You might want to solve to find wha
1 answer:
You might be interested in
Answer:
11.5
Step-by-step explanation
a^2+b^2=c^2
8(8)+(x)^2=196
64 + x^2=196
=
x=11.48
x=11.5 rounded
Given:
Annual interest rate = r%
Growth factor : x = 1 + r
The below function gives the amount in the account after 4 years when the growth factor is x .
To find:
The total amount in the account if the interest rate for the account is 3% each year and initial amount.
Solution:
Rate of interest = 3% = 0.03
Growth factor : x = 1 + 0.03 = 1.03
We have,
Substitute x=1.03 in the given function, to find the total amount in the account if the interest rate for the account is 3% each year.
Therefore, the total amount in the account is 2431.31 if the interest rate for the account is 3% each year.
For initial amount the rate of interest is 0.
Growth factor : x = 1 + 0 = 1
Substitute x=0 in the given function to find the initial amount.
Therefore, 2250 was put into the account at the beginning.