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Alla [95]
2 years ago
14

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3. 5

% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars? a. $8,500 b. $87,800 c. $83,700 d. $103,800.
Mathematics
1 answer:
garri49 [273]2 years ago
5 0

The profit to be made when she sells the house is $103,800.

The first step is to determine the value of Tammy's house in 13 years. The formula to be used is:

  • FV = P (1 + r)^n
  • FV = Future value  
  • P = Present value  
  • R = interest rate  
  • N = number of years  

$184,000 x (1.035)^13 = $287,767.92

Profit = value of the house in 13 years - cost of the house

$287,767.92 - $184,000 = 103,767 = $103,800

To learn more about future value, please check: brainly.com/question/18760477

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There are 7.48 gallons in a cubic foot. If residents of the apartment building are using the water from the tower at an average
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Answer:

Time it will take to drain the entire tower = 2.8minutes

Step-by-step explanation:

The question is incomplete as the volume of the tower was not indicated.

Let's consider the following question:

If there are 7.48 gallons in a cubic foot, and the volume of the tower is around 36000in cubed. Residents of the apartment building are using the water from the tower at an average rate of 56 gallons per minute, determine how long it will take to drain the entire tower.

Solution:

Volume = 36000in³

Conversion of in³ to ft³

1 inch = 0.0833 feet

12 inch = 1 ft

1 ft³ = 1ft × 1ft × 1ft

= 12 in x 12 in x 12 in = 1728 in³

36000in³ × [(1ft³)/(1728 in³) = (36000/1728)ft³

= 20.833ft³

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There are 7.48 gallons in a cubic foot

In 20.833ft³ = 20.833ft³× (7.48 gallons/1ft³)

= 20.833× 7.48gallons

Volume = 155.83 gallons

The rate of usage = 56 gallons per minute

The rate of usage for 155.83 gallons = 155.83 gallons × (1min/56gallons)

= (155.83/56)minute

= 2.8minutes

Time it will take to drain the entire tower = 2.8minutes

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Step-by-step explanation:

Let x be the number of pounds of peanuts and y be the number of pounds of raisins and chocolate chips.

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Raisins cost $2.50 per pound, then y pounds cost $2.50y.

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