1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bingel [31]
3 years ago
7

You just purchased two coins at a price of $1,270 each. Because one of the coins is more collectible, you believe that its value

will increase at a rate of 6.1 percent per year, while you believe the second coin will only increase at 5.5 percent per year. If you are correct, how much more will the first coin be worth in 18 years?
Mathematics
1 answer:
Karolina [17]3 years ago
7 0

Answer:

The first coin will be worth $137.16 more than the second coin.

Step-by-step explanation:

Interest formula = i = prt

For coin #1:

p = 1270

r = 0.061

t = 18

i = (1270)(0.061)(18)

The first coin will be worth $2664.46 after 18 years.

For coin #2:

p = 1270

r = 0.055

t = 18

i = (1270)(0.055)(18)

The second coin will be worth $2527.30 after 18 years.

Subtract the value of coin #2 from coin #1.

2664.46 - 2527.30 = 137.16

In conclusion, the first coin will be worth $137.16 more than the second coin after 18 years.

You might be interested in
Kareem inserted 2 quarts into a dryer at a laundromat, and the dryer ran for 12 minutes. at this rate, for how long would the dr
NISA [10]
If Kareem put 8 quarts the dryer will run for 48 minutes
Hope this helps
3 0
2 years ago
When you leave one job, it is necessary to give _____.
ELEN [110]

adequate notice of leave

5 0
3 years ago
Read 2 more answers
Find 2 2/3 / 4 1/3 . Simplify the answer and write as a mixed number if appropriate.
Delvig [45]
2 2/3 ÷ 4 1/3 = 8/13
8 0
3 years ago
Read 2 more answers
Mathematics with applications in the management, Natural, and Social Sciences Twelfth edition
Monica [59]

Answer:

In 2015 the both populations were the same and from that year the population of millennials surpassed the population of boomers

Step-by-step explanation:

\left \{ {{10x+13y = 1125} \atop {-2x+7y = 495}} \right.

x=14

Boomer: 10(14)+13y=1125

               140+13y=1125

                       13y=1125-140

                       y= 985/13

                       y= 75.77 (75.77 millions of boomers in 2014)

Millenials: -2(14) +7y = 495

                  -28 +7y = 495

7y= 495+28

y= 523/7

y=74.71  (74.71 millios on millenials in 2014)

In 2014 the population of boombers were still greater than the population of millennials

The solution of the system of equations will give us the point where the populations were equalized, and from that point the population of boombers will be less than that of the millennials.

Boomers: 10x+13y = 1125

                 y= (-10x +1125)/13

Millenials: -2x+7y = 495

                 y= (2x+495)/7

We match both expressions of "y"

(-10x +1125)/13 =(2x+495)/7

cross multiply:

(-10x +1125)*7 =(2x+495)*13

-70x + 7875 = 26x + 6435

we group similar terms:

7875 -6435 = 26x+70x

1440 = 96x

x= 1440/96

x= 15

In 2015 the both populations were the same and from that year the population of millennials surpassed the population of boomers

4 0
3 years ago
1/4 x 6 in simplest form
love history [14]

Answer:

1 1/2

Step-by-step explanation:

1*6=6

6/4=1.5

1.5 1 1/2

7 0
2 years ago
Other questions:
  • A dean polled the sophomore class about their intended majors, then created this graph based on the data.
    9·1 answer
  • What inequality the number line represents.
    7·2 answers
  • Write an equation of a line with an undefined slope and passing through the point (-2,4).
    6·1 answer
  • How many feet are in 40 inches
    9·1 answer
  • Declan draws triangle WXY. He then constructs a perpendicular bisector from vertex W that intersects side XY at point Z. What ca
    13·2 answers
  • The area of the continent of north america is about 9,540,000 in expamded form using expontes to show powers of 10
    14·1 answer
  • Kym used the integer tiles to find the sum of (–3) + 6. The line showed that the answer is negative 3. Which of the following do
    5·2 answers
  • An article suggested that yield strength (ksi) for A36 grade steel is normally distributed with μ = 42 and σ = 5.5.
    11·1 answer
  • Ashley tutors English. For each hour that she tutors, she earns 20 dollars.
    11·1 answer
  • I'm a sophomore taking trigonometry any advice
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!