Answer: $585.60
Step-by-step explanation:
The number of years that would have passed is;
= 2016 - 1626
= 390 years
Using simple interest, the investment will be worth;
= Principal * ( 1 + rate * number of years)
= 24 * (1 + 0.06* 390)
= $585.60
Answer:
$38.16
Step-by-step explanation:
8% of $48 is $3.84 so we subtract $48-$3.84=$44.16. Because of the coupon we then remove $6. $44.16-$6=$38.16
Answer:
c = 50
Step-by-step explanation:
We can set up an equation using the vertical angles theorem.
97 = 2c-3
100 = 2c
c = 50
T=7556=165x+2771
we need to solve for x, number of years after 1996.
165x=7556-2771=4785
x=4785/165=29
It will be in year 1996+29=2025 that estimated fees and tuition average $7556
