Step-by-step explanation: A balance sheet is a statement of financial condition at a point in time. It includes assets, liabilities, and equity. The balance sheet demonstrates the overall health of a company. It can be used to obtain loans and more financing.
Answer: 37
Step-by-step explanation:
Let x and y represent the numbers of gallons used by the 40 mpg and 35 mpg cars, respectively.
.. x +y = 40 . . . . . . . . . . .total consumption is 40 gallons
.. 40x +35y = 1525 . . . . total miles driven = 1525
Multiply the first equation by 40 and subtract the second.
.. 40(x +y) -(40x +35y) = 40(40) -(1525)
.. 5y = 75
.. y = 15
.. x = 40 -15 = 25
The 40 mpg car consumed 25 gallons.
The 35 mpg car consumed 15 gallons.
The amount after 2 years is $2,295.
Given that,
- The invested amount is $1,240.
- The rate of interest is 8%.
- The number of years is 2 × 4 = 8
Based on the above information, the amount after 2 years is
Future value = Present value ×(1 + rate of interest)^number of years
= $1,240 × (1 + 0.08)^8
= $1,240 × 1.08^8
= $2,295
Therefore we can conclude that the amount after 2 years is $2,295.
Learn more: brainly.com/question/18051939
Answer:
42 quarts
Step-by-step explanation:
