Question Your uncle gives you a check for $8,888 on your 8th birthday. You want to buy a $10,000 car when you turn 18, so you put it in the bank and let it grow until then. If the bank compounds interest weekly, what annual interest rate would you need to meet your goal? Set up the equation and show every step of the work. Give your answer as a percentage rounded to two decimal places. THANK YOU!!
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Calculating Interest Rate_Algebra
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