The value of n in the given equation is -2.6
Step-by-step explanation:
Given,
10 =
To find the value of n
10 =
or, 10(3n+8) = 2 [ by cross multiplication]
or, 30n + 80 = 2
or, 30n = 2-80 [ taking the constant values in one side]
or, 30n = -78
or, n =
or, n = -2.6
Money offered to Michelle per annum in Job A = $1700
Number of years she will work in job A = 5
Percentage of earnings per annum for her retirement plan = 6.60%
Money she will earn will be the simple interest at the end of 5 years.
We know that :
Principal = $1700
Rate = 6.60%
Time = 5 years
Which means :
We also know that :
Amount Michelle will earn at the end of 5 years for her retirement plan :
2261 can be rounded off to 2260.
Therefore, Michelle will earn <u>$2260</u> at the end of 5 years for her retirement plan.