Concept explainers
a.
To copy:And complete the table.
a.
Answer to Problem 34CP
The required table is given below.
Explanation of Solution
Given:
Your,
Principle amount - $500
Simple interest annually − 3%
Your friend,
Principle amount - $400
Simple interest annually − 5%
Formula used:
Amount = P + PRT
= P(1+RT)
Calculation:
The required table is given below.
b.
To write:An expression for each account balance after
b.
Answer to Problem 34CP
An expression for each account balance after
Your account balance
Your friend account balance
Explanation of Solution
Given:
Your,
Principle amount - $500
Simple interest annually − 3%
Your friend,
Principle amount - $400
Simple interest annually − 5%
Formula used:
Amount = P + PRT
= P(1+RT)
Calculation:
Therefore,
An expression for each account balance after
Your account balance
Your friend account balance
Hence, expression for each account balance after
c.
To find:The number of years taken by your friend’s balance to equal your balance is 8 years.
c.
Answer to Problem 34CP
The probability of choosing two numbers whose sum is even increases.
Explanation of Solution
Given:
Your,
Principle amount - $500
Simple interest annually − 3%
Your friend,
Principle amount - $400
Simple interest annually − 5%
Since, after 8 years
Your friends balance is
Hence, the number of years taken by your friend’s balance to equal your balance is 8 years.
Chapter 7 Solutions
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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