Answer: x=70, y=30
Step-by-step explanation:
Answer:
9 years 4 months
Step-by-step explanation:
To find out how long it will take for Allie's initial deposit of $300to grow to $995 in a savings account with a 13% annual interest rate compounded quarterly, we can use the compound interest formula:
In this case:
Substitute the values into the formula and solve for t:
Simplify the expression inside the bracket:
Divide both sides of the equation by 300:
Take natural logs (ln) of both sides of the equation:
Divide both sides of the equation by 4ln(1.0325) to isolate t:
Evaluate using a calculator:
Therefore, it will take 9.37 years for the balance to grow to $995.00.
To determine the number of months, subtract 9 from the value of t and multiply by 12:
Therefore, it will take 9 years and 4 months (rounded to the nearest month) for the balance to grow to $995.00.
Additional comments
In the case of quarterly compounding, the interest is calculated and added to the account balance every three months (once every quarter). So, even though it will take 9 years and 4 months for the balance to reach $995.00, Allie's account will not show this exact amount at that specific time. It will show a balance of $979.61 at 9 years and 3 months, and a balance of $1,011.45 at 9 years and 6 months, so technically, the account balance will still show as $979.61 at 9 years and 4 months.
Answer:
9 years and 4 months
Step-by-step explanation:
In order to calculate the number of years and months it will take for Allie's savings account balance to grow to $995.00, we can use the following compound interest formula:
where:
We can use the following values for the variables in the formula:
P = $300.00
r = 13% = 0.13
n = 4 (compounding quarterly)
A = $995.00
Substituting value, we get
In order to solve the exponential equation, we can take the natural log of both sides:
Using the properties of logarithms, we can bring the exponent down in front of the log:
Dividing both sides by ln(1.0325), we get:
Evaluating this expression, we get:
In the nearest hundred:
Therefore, year = 9 year
month = 37% of 12 = 4.44≈ 4 month
So, it will take Allie 9 years and 4 months for her savings account balance to grow to $995.00.
60
80
100
Answer:
The answer is 60
Step-by-step explanation:
because when you plug in these numbers to the x, 60 is the greatest one.
Answer:
Step-by-step explanation:
We have been given that the amount of a persons paycheck p varies directly with the numbers of hours worked t.
Since we know that the equation for direct variation is in form: , where, k represents the constant of variation.
We are also told that for 16 hours of work, the paycheck is $124.00. We can represent our given information as:
Upon substituting p=124 and t=16 in directly proportional equation we will get,
Let us divide both sides of our equation by 16 to solve for k.
Upon substituting the value of constant of variation in our equation we will get,
Therefore, the equation represents the relationship between hours of work and pay.
answer: 83/100
there you go!!!!
Hope it helps
Create a “fraction” with 0.83 in the numerator and 1.0 in the denominator:
0.83/1.0
Move the decimal point in 0.83 two places to the right to turn it into a whole number; move the decimal point in the denominator the same number of places. Do this one decimal place at a time:
0.83/1.0=8.3/10.0=83/100
At this point, you can drop the decimal points and trailing zeros in both the numerator and denominator.