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3 years ago

13

If a shirt cost $60 is on sale for 50% off and you have another offer that gives you an additional 20% off the sale price does t

hat mean you get a total of 70% off show your work to justify your answer

1 answer:

Alexus [3.1K]3 years ago

5 0

Answer:

No

Step-by-step explanation:

50 % off $60 =$30

20% off $30 =$6

But 70% =42

Therefore it's not the same as 70%

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manuel deposits $10000 for 12 yr in an account paying 4% compounded annually.He then puts this total amount on deposit in anothe

Naddik [55]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$10000\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, thus once}
\end{array}\to &1\\
t=years\to &12
\end{cases}
\\\\\\
A=10000\left(1+\frac{0.04}{1}\right)^{1\cdot 12}\implies A=1000(1.04)^{12}\\\\\\ A\approx 16010.32$

he then turns around and grabs that money and sticks it for another 9 years,

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
~~
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$16010.32\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{semi-annually, thus twice}
\end{array}\to &2\\
t=years\to &9
\end{cases}
\\\\\\
A=16010.32\left(1+\frac{0.05}{2}\right)^{2\cdot 9}\implies A=16010.32(1.025)^{18}
\\\\\\
A\approx 24970.64$

add both amounts, and that's how much is for the whole 21 years.

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4 years ago