Meredith invested $5,500 into an account that earned 5% interest per year. When she cashed out the investment to use it as a down payment for a new car, it was worth a total of $7,739.05.

Which equation describes Meredith's investment based on t, the number of years she kept the account open?

HINT: total worth= investment amount (1.05)^t

A: t= $7,739.05 ($5,500)^ 0.05
B: $7,739.05= $5,500 (1.05) ^t
C: t= $7,739.05 ($5,500)^ 1.05
D: $7,739.05 $5,500 (0.05) ^t

PLEASE HELP ME ASAP
PLEASE EXPLAIN HOW YOU GOT THE ANSWER

Answers

Answer 1

Answer:

T = 5.79 (approximated)

Step-by-step explanation:

Using I = PRT/100

where P = The principal amount invested = $5500

R = Rate of Interest =5%

T = Time (in years)

I = Interest = $7,739.05 - $5500 = $2239.05

Substituting the above values in the formula

I = PRT/100 becomes

2239.05 = 7,739.05 * 5 * t / 100 -------- Multiply 100 to both sides

2239.05 * 100 = 100 * 7739.05 * 5 * t / 100

223905 = 7739.05 * 5 * t

223905 = 38695.25t

Divide both sides by 38695.25t

223905/38695.25 = t

5.786369 = t

T = 5.79 (approximated)


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This question is incomplete because part of the information is missing; here is the complete question:

Jeremiah's dad ordered 5 large pepperoni pizzas and 8 large cheese pizzas for the birthday party. He spent a total of $144 on pizza. If a pepperoni pizza costs $12, write and solve a linear equation to find the cost of a cheese pizza.

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Explanation:

The first step to solve this problem is to write a linear equation. In this, the unknown should be represented by an x, and other variables should be included using correct mathematical symbols. Here is the process:

1. In an equation there is always an equality symbol = and mathematical expressions on both sides.

2. In this situation, the value after the = symbol should be 144 or the total spend on pizzas.

3. The values missing should be expressed as 5 (12) + 8x because there are 5 pepperoni pizzas and each of these costs $12; also, this should be added to the 8 cheese pizza and x represents the missing value (the price of a cheese pizza.)

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[tex]T = b + \frac{d}{2f} \\ [/tex]

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[tex]T - b = b - b + \frac{d}{2f} \\ [/tex]

Simplification

[tex]T - b = \frac{d}{2f} \\ [/tex]

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[tex]d = T \times 2f - b \times 2f[/tex]

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_________________________________

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Cost Expression: Answer

(View hint)


Revenue (Money Earned) Expression: Answer

(View hint)


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$ Answer


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