Answer:
a) About 12%
Step-by-step explanation:
We need to find the interest rate required to achieve her goal, so we will need to use the interest-compound formula:
Where:
PV= Present Value
i= interest rate
FV= Future Value
n= number of periods
replacing the data provided:
solving for i:
first, divide both sides by 50.000 to simplify the equation:
Take roots of both sides:
±
solve for i:
±
We get two answers, but we look for a coherent value. So we take the positive one:
≈12
Answer:
The test contains 10 three-point questions and 14 five-point questions.
Step-by-step explanation:
The value of x is the number of 3-point questions, and the value of y is the number of 5-point questions, as the problem statement tells you. So, the solution (x, y) = (10, 14) indicates ...
"The test contains 10 three-point questions and 14 five-point questions."
_____
You can try the offered answers to see which might apply. The last choice has too many questions. The first and third choices don't add up to 100 points.
