2 years ago

Can somebody give me the reasoning and step-by-step solution?

Mathematics

1 answer:

Oksana_A [137]2 years ago

8 0

Answer:

Step-by-step explanation:

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Two times the smaller of two consecutive even integers is 18 more than the larger.

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2x = x+1 + 18

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x = 19

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Step-by-step explanation:

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5 pens for 14 dollars rounded to the nearest hundred

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Step-by-step explanation:

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2 years ago

If y= 1/2x and x= - 14, find y PLS HELPPPP

ExtremeBDS [4]

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2 years ago

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What is (2x2) divided by [2x87239]9

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3 years ago

You have decided to invest $1000 in a savings bond that pays 4% interest, compounded semi-annually. What will the bond be worth

Evgen [1.6K]

Answer:

$2191.12

Step-by-step explanation:

We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.

$FV=C_0\times (1+r)^n$ , where,

$C_0=\text{Initial amount}$ ,

r = Rate of return in decimal form.

n = Number of periods.

Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.

$4\%=\frac{4}{100}=0.04$

$FV=\$1,000\times (1+0.04)^{20}$

$FV=\$1,000\times (1.04)^{20}$

$FV=\$1,000\times 2.1911231430334194$

$FV=\$2191.1231430334194$

$FV\approx \$2191.12$

Therefore, the bond would be $2191.12 worth in 10 years.

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3 years ago