Asked by Joseph Yniguez on May 21, 2024
Verified
Solve accurate to the cent:
x1+0.115×78365+3x(1+0.115×121365)=$1000(1+0.115×43365)\frac{x}{1+0.115 \times \frac{78}{365}}+3 x\left(1+0.115 \times \frac{121}{365}\right)=\$ 1000\left(1+0.115 \times \frac{43}{365}\right)1+0.115×36578x+3x(1+0.115×365121)=$1000(1+0.115×36543)
Accurate
The quality of being correct or precise, often used in the context of numerical or factual information.
Cent
A monetary unit in various countries, equal to one-hundredth of a base currency.
- Utilize algebraic techniques to determine unknown variables in financial scenarios.
Verified Answer
KS
Learning Objectives
- Utilize algebraic techniques to determine unknown variables in financial scenarios.