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Anestetic [448]
3 years ago
11

Suppose you loan $320 to a friend and charge them 11% annual interest. If they don't pay any back, how many years will it take f

or them to owe you $2,000? Round your answer to the nearest hundredth (2 places after the decimal).​
Mathematics
1 answer:
AnnZ [28]3 years ago
5 0

Step-by-step explanation:

For them to owe you a total of$2000 then an interest of $2000-320=$1680 must have accrued over the time <em>T</em>

<em>T</em><em>=</em><em>$</em><em>1</em><em>6</em><em>8</em><em>0</em><em>×</em><em>1</em><em>0</em><em>0</em><em>/</em><em>3</em><em>2</em><em>0</em><em>×</em><em>1</em><em>1</em>

<em>T</em><em>=</em><em>4</em><em>7</em><em>.</em><em>7</em><em>2</em><em>7</em><em>2</em><em>.</em><em>.</em><em>.</em><em>≈</em><em>4</em><em>7</em><em>.</em><em>7</em><em>3</em><em> </em><em>to</em><em> </em><em>the</em><em> </em><em>nearest</em><em> </em><em>hundredth</em>

Proof,

Interest after 47.7262...years which is converted to 525/11 years

=($320×11×525/11)/100

=$1680

therefore total amount which will be owed at that time =principal+interest accrued

=$320+1680=$2000

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Keith_Richards [23]

Answer:

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Step-by-step explanation:

Evaluate y=0.14x+0.75 at x = 15 (hours):

y = 0.14(15 hours) + 0.75

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y  =  2.85  =  estimated gpa corresponding to 15 houirs of study

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2 years ago
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7 0
3 years ago
IMAX Movie Prices. There were 322 people at a recent showing of the IMAX 3D movie "300". Admission was $8.75 each for adults and
dsp73

Answer:

218 adults and 104 children attended.

Step-by-step explanation:

From the information given, you can write the following equations:

x+y=322 (1)

8.75x+6y=2531.50 (2), where:

x is the number of adults

y is the number of children

First, you can solve for x in (1):

x=322-y (3)

Then, you can replace (3) in (2) and solve for y:

8.75(322-y)+6y=2531.50

2817.5-8.75y+6y=2531.50

2817.5-2531.50=8.75y-6y

286=2.75y

y=286/2.75

y=104

Finally, you can replace the value of y in (3) to find x:

x=322-104

x=218

According to this, the answer is that 218 adults and 104 children attended.

8 0
3 years ago
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