Answer:
Frederick collects the an amount of $4813.24 at the age of 18 out of which $2000 was the beginning amount.
Step-by-step explanation:
We are given the following information in the question:
Amount = 2000
Interest rate = 5%
The money is compounded annually or yearly.
Time = 18 years
Compound interest =
where P is the principal amount, r is the interest rate, t is the time in years and n is the number of compounding in a year.
Since, the money is compounded yearly we put n = 1.
Putting all the values, we get,
Thus, Frederick collects the an amount of $4813.24 at the age of 18 out of which $2000 was the beginning amount.
Answer:
$4813.24
Step-by-step explanation:
Five percent growth corresponds to multiplication by 1+5%=1.05. So, the amount of money Frederick will have in 18 years is 2000(1+.05)^18= $4813.24
Answer:
i think it’s y = -3/4
Step-by-step explanation:
In the aerobics classes of 4 will the cost for members and nonmember be the same.
What is an expression?
Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.
Given that;
At a local fitness center, members pay an $8 membership fee and $4 for each aerobic class.
And, Nonmembers pay $6 for each aerobic class.
Now,
We can formulate;
For members, the cost = $8 + 4x
Where, x is the aerobic class.
For nonmembers;
The cost = 6x
We can equate both the equation, we get;
6x = 8 + 4x
Solve for x as;
6x - 4x = 8
2x = 8
x = 4
Thus, In the aerobics classes of 4 will the cost for members and nonmember be the same.
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Employee A: total job benefits $49,200 and total job expenses $300
b.
Employee B: total job benefits $49,500 and total job expenses $500
c.
Employee C: total job benefits $ 49,800 and total job expenses $700
d.
Employee D: total job benefits $50,100 and total job expenses $900