Answer:
(a)His monthly Interest Rate=0.8%
(b)Annual Interest Rate = 9.6%
(c)
Step-by-step explanation:
For a Principal P invested at a yearly rate r, compounded m times in t years
Amount at Compound Interest= 
Comparing with Jerry's equation y=388 (1.008)
(a)His monthly Interest Rate= 0.008=0.8%
(b)Annual Interest Rate= Monthly Interest Rate X 12 =0.8 X 12 = 9.6%
(c)If I invest $500 at the same rate of return,
Total Money after m months
= 
Reasonable because the three items altogether cost about $40
Answer:
Jo's age = x = 8 years
Step-by-step explanation:
Let
Jo's age = x
Jo's mother, Anne's age = 4x
In four years time, Anne will be three times as old as Jo.
Jo's age =3( x + 4)
Jo's mother, Anne's age = 4x + 4
How old is Jo?
Equate Jo's age and his mother's age
3(x + 4) = 4x + 4
3x + 12 = 4x + 4
3x - 4x = 4 - 12
-x = - 8
Divide both sides by -1
x = 8
Therefore,
Jo's age = x = 8 years
Answer:
Step-by-step explanation:
One number is 2 more than 3 times another. Their sum is 14.Find the numbers. 8, 14 5, 17 2, 20 4, 18 10, 12
