I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
Answer:
<em>x = -6</em>
Step-by-step explanation:
<u>Equations</u>
Solve the equation:
x + 6 = -x - 6
We must find the value of x that makes the identity above true.
Let's join all the variables on the left side and the numbers on the right side.
Adding x:
x + 6 + x = -x - 6 + x
The variables cancel out on the right side:
2x + 6 = -6
Subtracting 6:
2x + 6 - 6 = -6 -6
The 6 and -6 are canceled out:
2x = -12
Dividing by 2:
x = -12/2
x = -6
Let x= number of board games
<span>20x=10410+2.65x </span>
<span>-2.65 -2.65 </span>
<span>17.35x=10410 </span>
<span>/17.35 /17.35 </span>
<span>x=600 </span>
<span>You would need to sell at least 600 board games to break even</span>
Y=6x+6 !! enjoy your dayy
