Complete Question
We can calculate EEE, the amount of euros that has the same value as DDD U.S. Dollars, using the equation
E= 17/20 D
a) How many euros have the same value as 1 U.S. Dollar? euros
b) How many U.S. Dollars have the same value as 1 euro? dollars
Answer:
a) 0.85 euros
b) 1.18 dollars
Step-by-step explanation:
The equation is given as:
E= 17/20 D
a) How many euros have the same value as 1 U.S. Dollar? euros
E = 17/20D
D = 1 dollar
Hence:
E = 17/20 × 1
E = 0.85 euros
b) How many U.S. Dollars have the same value as 1 euro? dollars
E = 17/20D
E = 1 euro
1 = 17/20D
D = 1 ÷ 17/20
D = 1 × 20/17
D = 1.1764705882 dollars
D = 1.18 dollars
Answer:
When given a percentage of growth or decay, determined the growth/decay factor by adding or subtracting the percent, as a decimal, from 1. In general if r represents the growth or decay factor as a decimal then: b = 1 - r Decay Factor. b = 1 + r Growth Factor. A decay of 20% is a decay factor of 1 - 0.20 = 0.
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
I am to determine the future value of Thomas' deposit with annual compounding
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
840 x (1.075)^5 = 1205.93
I am to determine the future value of Sherill's deposit in 5 years using simple interest
The amount that would be in the account = amount deposited + interest earned on deposit
interest earned on deposit can be determined by determining the simple interest
Simple interest = amount deposited x time x interest rate
1250 x 0.069 x 5 = 431.25
Amount that would be in her account after 5 years = 1250 + 431.25 = 1681.25
Sheril's money is higher by - 1681.25 - 1205.93 = 475.32
1 = 32
2 = 148
3 = 32
4 = 148
5 = 32
6 = 148
7 = 32
8 = 148
