Pathways to Math Literacy (Loose Leaf)
Pathways to Math Literacy (Loose Leaf)
1st Edition
ISBN: 9781259218859
Author: David Sobecki Professor, Brian A. Mercer
Publisher: McGraw-Hill Education
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Chapter 1.7, Problem 6G

Account 1: You deposit $1,000 into an account that pays 5% simple interest on that $1,000 each year.

Account 2: You deposit $1,000 into an account that pays 5% of the account balance at the beginning of the current year in interest each year.

This is the calculation used to find the amount after the first year in either account:

Amount = $1,000 + 0.05($1,000)
Pervious
Amount
Plus 5% of
Pervious
amount

Can you think of a way to simplify the calculation so that all you have to do is one multiplication?

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Chapter 1 Solutions

Pathways to Math Literacy (Loose Leaf)

Ch. 1.1 - To create a pie chart in Excel: Type the category...Ch. 1.1 - To create a pie chart in Excel: Type the category...Ch. 1.1 - To create a pie chart in Excel: Use the mouse to...Ch. 1.1 - To create a pie chart in Excel: With the...Ch. 1.2 - Prob. 1GCh. 1.2 - Prob. 2GCh. 1.2 - Prob. 3GCh. 1.2 - Prob. 4GCh. 1.2 - Prob. 5GCh. 1.2 - Prob. 6GCh. 1.2 - Prob. 7GCh. 1.2 - Prob. 8GCh. 1.2 - Prob. 9GCh. 1.2 - Prob. 10GCh. 1.2 - Prob. 11GCh. 1.2 - Prob. 12GCh. 1.2 - Prob. 13GCh. 1.2 - Prob. 14GCh. 1.2 - Prob. 1ACh. 1.2 - Prob. 2ACh. 1.2 - Prob. 3ACh. 1.2 - Prob. 4ACh. 1.2 - Sometimes bar graphs will have more than one bar...Ch. 1.2 - Prob. 6ACh. 1.2 - Prob. 7ACh. 1.3 - Prob. 0LOCh. 1.3 - Prob. 1CCh. 1.3 - Prob. 2CCh. 1.3 - Prob. 3CCh. 1.3 - Prob. 4CCh. 1.3 - Prob. 5CCh. 1.3 - Prob. 6CCh. 1.3 - Prob. 7CCh. 1.3 - Prob. 8CCh. 1.3 - Prob. 1GCh. 1.3 - Prob. 2GCh. 1.3 - Prob. 3GCh. 1.3 - Prob. 4GCh. 1.3 - Prob. 5GCh. 1.3 - Prob. 6GCh. 1.3 - In a study of 400 entrees served at 75 campus...Ch. 1.3 - 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