2 years ago

Latoya bought an item for $66. Before that, she had $402.44. How much money does Latoya have now.

Mathematics

1 answer:

andre [41]2 years ago

8 0

Answer:

$336.44

Step-by-step explanation:

$402.44 - $66 = $336.44

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Step-by-step explanation:

we know that

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$V=P(1-r)^{x}$

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x is Number of Time Periods

in this problem we have

$P=\$300,000\\r=14\%=14/100=0.14\\V=\$50,000$

substitute the values and solve for x

$50,000=300,000(1-0.14)^{x}$

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