Answer: 448 dollars
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Work Shown:
P = 400 is the balance
r = 0.12 is the decimal form of the interest rate
t = 1 is the number of years
Use those values to get the simple interest to be
i = P*r*t
i = 400*0.12*1
i = 48
The amount of interest charged is $48
Add this onto the balance of 400 dollars and the total amount Aaron owes is P+i = 400+48 = 448 dollars.
9514 1404 393
Answer:
14.1 years
Step-by-step explanation:
Use the compound interest formula and solve for t. Logarithms are involved.
A = P(1 +r/n)^(nt)
amount when P is invested for t years at annual rate r compounded n times per year.
Using the given values, we have ...
13060 = 8800(1 +0.028/365)^(365t)
13060/8800 = (1 +0.028/365)^(365t) . . . . divide by P=8800
Now we take logarithms to make this a linear equation.
log(13060/8800) = (365t)log(1 +0.028/365)
Dividing by the coefficient of t gives us ...
t = log(13060/8800)/(365·log(1 +0.028/365)) ≈ 0.171461/0.0121598
t ≈ 14.1
It would take about 14.1 years for the value to reach $13,060.
The best and the most correct answer among the choices provided by the question is the third choice. The table that best represents direct variation is:
<span>Input x 3 4 5
Output y 9 16 25
</span>I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
7,000
Step-by-step explanation:
The number of actual steps is x.
x + x(.05) = 7350 This is actual steps plus the extra 5% equals the number shown on the tracker.
Pull out x
x (1+.05) = 7350
x (1.05) = 7350 Divide by 1.05
(x (1.05))/1.05 = 7350/1.05
x = 7,000