Figure out how many bills are in each envelope by using the clues provided:
2 answers:
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Answer:
x =
Step-by-step explanation:
Distribute parenthesis on both sides of the equation.
3x - 3 - 4x - 2 = 8x - 8 ← simplify left side
- x - 5 = 8x - 8 ( subtract 8x from both sides )
- 9x - 5 = - 8 ( add 5 to both sides )
- 9x = - 3 ( divide both sides by - 9 )
x = =
=
After 23 years $125.32 will be matured to $46,683.28.
<h3>What is the formula for recurring investment?</h3>The formula for Recurring maturity is given by:
Where A=matured amount
P =Principal value
n=Number of months
r=Interest rate(annual)
We have P= $125.32
n=23*12 = 276 months
r=2.5*12 =30%
Put these values in the above formula
we get A= $46,683.28
Therefore, After 23 years $125.32 will be matured to $46,683.28.
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