Answer:
1.49 x hours
Step-by-step explanation:
1 day=24hours
1 year=365 days
365days=24 x 365=8760hours
17 years
= 8760hours x 17
=148920hours
=1.4892 x
= 1.49 x hours
The sum of two times Michael's age and 5 is 47. Write an equation and find Michael's age.
1 answer:
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Answer:
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
Let
x ------> the amount of money that should be invested at the rate of 5.25%
25,000-x -----> the amount money that should be invested at the rate of 4%
in this problem we have
substitute in the formula above
Solve for x
therefore
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000