The annual returns will be calculated as follows:
a] Here we use the formula:
A=p(1+r/100)^n
A=future amount
p=principle
r=returns
n=time
We are given:
A=500, p=400, t=1
Plugging the values in the formula we obtain:
500=400(1+r)^1
simplifying and solving for r:
1.25=1+r
thus
r=1.25-1
r=0.25~25%
b] Using the formula above:
A=p(1+r/100)^n
A=2500+100=2600, p=2000, n=1 year
plugging the values in the equation we obtain:
2600=2000(1+r)^1
simplifying and solving for r we obtain:
2600/2000=1+r
1.3=1+r
hence
r=1.3-1
r=0.3~30%
Answer:
See explanation
Step-by-step explanation:
Jane is given a $100 gift to start and saves $35 a month from her allowance.
- After 1 month, Jane has saved
- After 2 months, Jane has saved
- After three months, Jane has saved
- and so on
In general, after x months Jane has saved
This means that it makes sense to represent the relationship between the amount saved and the number of months with one constant rate (in this case the constant rate is 35). It makes sense because the amount of money increases by $35 each month. Since the amount of increase is constant, we get constant rate. Also the initial amount is known ($100), so there is a possibility to write the equation of linear function representing this situation.
Answer:
4-4=0
16-6-10=0
17-3-4-10=0
1-2+1=0
Step-by-step explanation:
Answer:
C.y = 3x + 4
Step-by-step explanation:
We have two points, so we can find the slope
m = (y2-y1)/ (x2-x1)
= (7--2)/ (1--2)
= (7+2)/(1+2)
= 9/3
=3
The slope is 3
We can find the point slope form of the line
y-y1 = m(x-x1)
y-7 = 3(x-1)
Distribute
y-7 =3x-3
Add 7 to each side
y-7+7 = 3x-3+7
y = 3x+4
This is in slope intercept form (y=mx+b)
Answer: 124
Step-by-step explanation:
Multiply 320 by 3/5 (.6) and you will get 192. Then you subtract 320 by 47 and get 316. You subtract 192 from 316 and get 124.
