11. Solve: 1/3 (6t - 9) + 8 = 7 + 2(t - 1)
1 answer:
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Jane must therefore deposit her savings in the four rivers bank.
<h3>What is compound interest?</h3>Interest that is added to a loan and deposit sum is known as compound interest. In our everyday lives, it is the notion that is employed the most frequently. Compound interest is calculated as a sum using the interest and principal accrued over time. Compound interest versus simple interest differ primarily in this way.
As per the data provided in the question,
Rate, r = 12%
After five years, the total amount, if Jane had saved at Mystic Bank,if Jane had saved at Mystic Bank would be:
For compounded quarterly,
n = 5 × 4
n = 20
A = 40000(1 + 12/(4 × 100))²⁰
A = 72244.44 (i)
If Jane placed her savings with the Four Rivers, then,
A = 40000(1 + 14/(2 × 100))¹⁰
A = 40000 × 1.9671
A = 78686.054 (ii)
Therefore, it is evident that case (ii) is higher than case (i). Jane must therefore deposit her savings in the four rivers bank.
To know more about Compound Interest:
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The image of the right rectangular prism is missing, so i have attached it.
Answer:
volume of the right rectangular prism = 625 in³
Step-by-step explanation:
The rectangular prism is made of equal-sized cubes. Thus, let's first find the volume of 1 cube.
Formula for volume of one cube is;
V = a³
where
a is the length of one side of the cube
We are told that this length is 2½ inches
Thus;
a = 2½ = 5/2 inches
>> V = (5/2)³
>> V = 125/8 in³
Now, in the rectangular prism attached, if we count the number of cubes we have, it is equal to 40 cubes
Therefore, the volume of the prism is;
Volume of one cube × 40
>> volume of the prism = (125/8) × 40
volume of the prism = 625 in³
