We have been given that miss Roxanne is 25 years old and she puts 1800 dollars per quarter that returns 6% interest.
(a) We need to figure out how much will be in the account when she turns 65 years old. When she turns 65 years old, the number of years during which she made deposits would be 40. Since she made quarterly deposits. She made a total of 160 deposits. We can now figure out the final amount in the account using future value of annuity formula.
We have the values P=1800, r=6/4% = 1.5% = 0.015 and n=160.
Therefore, the amount in the account would be:
Therefore, miss Roxanne will be 1179415.39 dollars in her account when she turns 65 years old.
(b) In this part we need to figure out the total amount she deposited.
The total amount she deposited would be 
.
(c) We can find the interest earned by subtracting her contribution from the answer of part (a).
Interest earned = 
Answer:
Step-by-step explanation:
x^2 + 2x = 6x+45
x^2 -4x -45 =0
x^2 - 5x +9x -45 =0
x(x-5) +9 (x-5)=0
(x-5)(x+9)=0
x = 5, -9
x = 5; measure of exterior angle = 5^2+2(5) = 35
x=-9; measure of exterior angle = (-9)^2 + 2(-9) = 63
Answer:
linear function: y = -7x + 150
Step-by-step explanation:
Scott's situation represents a linear function because he is spending $7 each day on lunch. His initial amount in his bank account is $150 and each day he spends the same rate on lunch, $7. So, for any amount of days - represented by 'x' in the equation, you would multiply by -7 (since he is spending) and subtract this amount from his original amount of $150. In this equation, 'y' is equal to his total after 'x' amount of days.
Let
T---------> <span>the tax rate on the parts in $
we know that
$18.75=$15+$3.50+$T
T=18.75-15-3.5
T=$0.25
so
$3.50----------> 100%
$0.25--------> x
x=0.25*100/3.50------> x=7.14%------> x=7.1%
the answer is
7.1%</span>
