You want to be able to withdraw $30,000 each year for 25 years. Your account earns 8% interest.

a. How much do you need in your account at the beginning

Answers

Answer 1

Answer: you need to have at least $312,500 in your account at the beginning.


Step-by-step explanation:

The total amount of money you will need to withdraw over the 25-year period is $30,000 * 25 years = $750,000. To find the total amount of interest you will earn, we need to use a compound interest formula. The formula for compound interest is:

A = P(1 + r/n)^nt

where A is the total amount of money you will have in your account after 25 years, P is the initial amount of money in your account, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.

In our case, we have A = $750,000, P = ?, r = 8%, n = 1 (since the interest is compounded annually), and t = 25. Plugging these values into the formula, we get:

$750,000 = P * (1 + 0.08/1)^1 * 25

We can simplify this equation to:

$750,000 = P * 1.08^25

To find the value of P, we can divide both sides of the equation by 1.08^25:

$750,000 / 1.08^25 = P

We can use a calculator to compute the value of 1.08^25, which is approximately 2.4. This means that the initial amount of money you need in your account is $750,000 / 2.4 = $312,500.

Therefore, to be able to withdraw $30,000 each year for 25 years and earn 8% interest on your account, you need to have at least $312,500 in your account at the beginning.


Related Questions

What is the midpoint overline AB with A (2, 4) and B (- 6, 8) Mid Point Formula ((x_{1} + x_{2})/2, (y_{1} + y_{2})/2)

Answers

If the midpoint of AB with A (2, 4) and B (- 6, 8) is at point  (-2, 6)

How to find the midpoint

The formula to determine the center point of a straight line using the coordinates of its endpoints is known as the midpoint formula in coordinate geometry.

The formula is of the form

X= (x₂ + x₁)/2

Y = (y₂ + y₁)/2

solving for the midpoint

X= (2 - 6) / 2

X = -4 / 2

X = -2

Y = (y₂ + y₁)/2

Y = (4 + 8) / 2

Y = 12 / 2

Y = 6

The midpoint is (-2, 6)

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et h be the set of all points of the form (s, s-1). determine whether h is a vector space. if it is not a vector space, determine which of the following properties it fails to satisfy. a: contains zero vector b: closed under vector addition c: closed under multiplication by scalars

Answers

No, h is not a vector space. It fails to satisfy property (b), closed under vector addition.

For a set to be a vector space, it must satisfy three properties: contains the zero vector, closed under vector addition and closed under multiplication by scalars.

For a set to be closed under vector addition, the sum of any two vectors in the set must also be in the set. In this case, the set h contains the points (s, s-1).

When two points are added, the result is (2s, 2s-2), which is not in the set h. Therefore, h fails to satisfy property (b) and is not a vector space.

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a line that includes the point (17,2) and has a slope of 1. what is its equation in slope-intercept form?

Answers

Answer:

y = x - 15

Step-by-step explanation:

y-2 = 1(x-17)

y-2 = x - 17

y = x -17 + 2

y = x - 15

Can someone help please? Picture is already attached. If its wrong please correct it. This isn’t mine by the way, I’m posting it for someone else to double check if it’s right

Answers

The value of the other points in the number line for each case are;

a) M = -2¹/₂

N = -1

R = 4

b) M = -1

P = 1

R = 1.6

c) M = -125

P = 125

N = -50

d) N = -6

P = 15

R = 24

How to interpret Number Lines?

a) We are given that P = 2¹/₂

From the point 0 of the number line to point P is 5 units and as such;

Each unit = 2¹/₂/5 = ¹/₂

Thus;

M = -2¹/₂

N = -1

R = 4

b) We are given that N = -0.4

From the point 0 of the number line to point N is 2 units and as such;

Each unit = 0.4/2 = 0.2

Thus;

M = -1

P = 1

R = 1.6

C) We are given that R = 200

From the point 0 of the number line to point R is 8 units and as such;

Each unit = 200/8 = 25

Thus;

M = -125

P = 125

N = -50

D) We are given that M = -15

From the point 0 of the number line to point N is 5 units and as such;

Each unit = 15/5 = 3

Thus;

N = -6

P = 15

R = 24

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Please help! (Attached image) remainder Theorem

Answers

Answer:

First is option B)

Second is option B)

I hope my answer helps you.

Linear function k has a zero at 3 and a y-intercept of 9 . Which graph best represents k ?

Answers

In the graph B we can see that y intercept is 9 and zero is 3. So the graph b is the correct answer.

In the given question, linear function k has a zero at 3 and a y-intercept of 9.

We have to choose which graph best represents k.

As we know that;

A linear equation represent the relationship between the two unknown variable. The equation of linear equation is of one degree.

The simplest linear equation shows the correlation between (x,y), which may then be used to make a table or a graph on the coordinate plane or to assess at a specific x or y value.

We represent linear function in the form of y=mx+c.

where m is the slope of the line, c is the y intercept of the line, x is independent variable and y is the dependent variable.

As we see the y intercept in the graph crosses the y axis.

Here y intercept is 9.

The zeros of the linear function is that where y value is zero.

As in the graph B we can see that y intercept is 9 and zero is 3. So the graph b is the correct answer.

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(20x³+12x² +17x-17)÷(5x²-2x)

Answers

The division of the given polynomial is [tex]\frac{20x^3+12x^2+17x-17}{5x^2-2x}=4x+4+\frac{25x-17}{5x^2-2x}[/tex].

What is a long division of polynomials?

A long-division polynomial is an algorithm for dividing polynomials by another polynomial of the same or a lower degree. The long division of polynomials also consists of the divisor, quotient, dividend, and the remainder as in the long division method of numbers.

The given expression is (20x³ + 12x² + 17x - 17) ÷ (5x² - 2x)

[tex]=\frac{20x^3+12x^2+17x-17}{5x^2-2x}\\\\=4x+\frac{20x^2+17x-17}{5x^2-2x}\\\\=4x+4+\frac{25x-17}{5x^2-2x}\\[/tex]

Hence, the division of the given polynomial is [tex]\frac{20x^3+12x^2+17x-17}{5x^2-2x}=4x+4+\frac{25x-17}{5x^2-2x}[/tex].

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Evaluate the expression using De Moivre’s Theorem: √2+3i

Give your answer in a+bi form.

Answers

Answer:

cos(π/2)+isin(π/2)

Step-by-step explanation:

hopefully that's the answer you're looking for, haven't done problems like this in a while-

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Repeat Exercise 8.9 for the following repeating sequence of lw addresses (given in hexadecimal) and cache configurations. The cache capacity is still 16 words. 74 A0 78 38C AC 84 88 8C 7C 34 38 13C 388 18C (a) direct mapped cache, b = 1 word(b) fully associative cache, b = 2 words(c) two-way set associative cache, b = 2 words(d) direct mapped cache, b = 4 words

Answers

The direct framed(mapped) cache in the given hexadecimal has all the miss.

Given cache parameters

b block size( given no. of words)

Cache capacity 16 words

( a) Direct mapped cache with b = 1 word

Address mapping = Total = 8 bits

Index = 4 bits

Offset = 0 bit

Tag(Label) = remaining bits = 4 bits

illustration of mapping = 74---> 01110100

where 0111 is the label and the rest is the index

Sequencing of law addressing = 0 * 74 to binary = 01110100

Then, word offset = log₂( b) = log₂( 1) = 0 bit

Line offset = log₂(16/1) = 4

Label(tag) is the remaining bit

b) completely associative cache with b = 2 words

# of lines = 16/2 W = 8

Address mapping Offset = log ₂( 2) = 1 bit

Remaining bit = 01110100

where 0 is offset and the rest is a label

In this cache design, line no. isn't needed to map the data as we directly compare CPU- generated markers with existing markers in the cache controller.

Still, apply the LRU algorithm, if the cache is full.

c) Two- way set associative cache with b = 2 words

#sets = #lines/ p- way = (16/2)/ 2 = 4

Address mapping

Set offset = log₂( 4) = 2

Word offset = log₂( 2) = 1

Tag(label) = remaining bits

ADDRESS       INDEX         OFFSET       HIT/MISS

74                       10                    0                MISS

A0                      00                    0               MISS

78                      00                    0               MISS

38C                    10                    0               MISS

AC                      10                    0               MISS

84                       10                    0               MISS

88                       00                    0               MISS

8C                       00                    0               MISS

7C                       00                    0               MISS

34                        00                    0               MISS

38                        00                    0               MISS

13C                      00                    0               MISS

388                      00                    0               MISS

18C                       00                    0               MISS

Replacement policy(which is default) LRU

( d) Direct planned or mapped cache with b = 4 words( each instruction size = AW)

Line offset = log₂( 4) = 2 bit

Word offset = log₂( 4) = 2 bit

Tag(Label) = remaining bits

# lines = 16/ W = 4

0 * 74-----> 01110100

where,

01 is the line offset

00 is the word offset

0111 is the tag(label).

Therefore, the tag, line offset and line offset of the hexadecimal is given to be in a binary number.

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A football match consists of two 45 minute halves and a 30 minute break in between. How many minutes does the whole match last for?

Answers

The whole match lasts for 45 minutes + 45 minutes + 30 minutes = 120 minutes. Answer: 120 min.

At the West Texas Balloon Festival in El Paso, a hot air balloon started its descent from an altitude of 800 feet. After 1 minute, it is at a height of 700 feet and continues at this rate till it reaches the ground.

A. Write a linear equation to find the height, h of the balloon after m minutes.

B. What is the rate of change. What does it represent in this situation?

C. What is the y-intercept and what does it represent?

D. What is the x-intercept and what does it represent?

Answers

The linear equation and the definition of the parts of the equation  of the motion of the balloon are as follows;

A. The equation is; h = 800 - 100·m

B. The rate of change is 100 ft/min. The rate of change represents the height the balloon descends in one minute

C. The y-intercept is 800 (feet). The y-intercept represents the initial height of the balloon

D. The x-intercept is 8 (minutes). The x-intercept represents the time it takes the balloon to reach the ground

What is a linear equation?

A linear equation is one that has a straight line graph.

The initial height of the balloon = 800 feet

Height of the balloon after 1 minute = 700 feet

A. The change in height of the balloon in one minute = 100 feet

The rate of change of the height of the balloon = -100 feet per minute (the height reduces by 100 feet after each minute)

The linear equation for the balloon, can therefore be obtained from the following details;

The initial height of the balloon = The y-intercept of the linear equation, c = 800 feet

The rate of change of the height of the balloon = The slope of the linear equation, m = -100 ft/min

The linear equation in the form, y = m·x + c, that can be used to find the  height of the balloon is therefore;

h = -100·m + 800

h = 800 - 100·m

B. The rate of change is the rate at which the height of the balloon changes, which is 100 feet per minute

The rate of change represents the slope of the linear equation and the rate at which the height of the balloon reduces.

C. The y-intercept is the point at which the linear equation intersects the y-axis which is the point at which the input variable, m, is zero, indicating the height at which the balloon started its descent.

Therefore, the y-intercept represents the initial height of the balloon

D. The x-intercept is the point at which the graph intersects the x-axis, and at which the y-value (value of the output variable) is zero, and the x-intercept can be specified by the x-value at the point of the intersection.

At the x-intercept, therefore, h is zero, which is the ground level, and m is the time it takes the balloon to reach the ground.

At the x-intercept, therefore, we het;

h = 0 = 800 - 100·m

100·m = 800

m = 800 ÷ 100 = 8

The x-intercept is m = 8 minutes

The x-intercept therefore, represents the time (8 minutes) it takes the balloon to reach the ground.

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To find a value that is in an unordered array of 100 items, how many values must linear search examine on average?
a) 101
b) 100
c) 7
d) 50
e) 10

Answers

Answer: D its 50

Step-by-step explanation:

Please help will mark Brainly

Answers

The range of the function will be  0 ≤ y ≤ 960

Range of a Function

The range of a function is the set of all its outputs. Example: Let us consider the function f: A→ B, where f(x) = 16x and each of A and B = {set of natural numbers}. Here we say A is the domain and B is the co-domain. Then the output of this function becomes the range. The range = {set of even natural numbers}.

Generally, the range of a function is the possible values of y in the that function and can be from -negative infinity to positive infinity.

In the given question, the function y = 16x models the situation and the capacity of the the container is 960 ounces

The range will fall between 0 ≤ y ≤ 960

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If loan Amy is 89000 monthly payment is 479.66 rate is 4.2 what is the interest principal and balance for month 1 and month2

Answers

The amount of money an account with simple interest at an annual rate of 4.2% would be $3738 after 1 month and 7476 dollar after 2 month.

What is simple interest?

Simple interest is a method of calculating the interest charge. Simple interest can be calculated as the product of principal amount, rate and time peroid.

Simple Interest = (Principal × Rate × Time) / 100

Given that loan Amy is 89000 monthly payment is 479.66 rate is 4.2

Amount = $89000

Rate = 4.2 %

Time =  1 month

Therefore, Simple Interest = (Principal × Rate × Time) / 100

Simple Interest = 89000 × 4.2% × 1

Simple Interest = 3738

Also,

Simple Interest = 89000 × 4.2% × 2

Simple Interest = 7476

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2x5−x3+x2+4; reflection in the y-axis and a vertical stretch by a factor of 3, followed by a translation 1 unit down

Answers

3x2-3(y+1)+9x2+12; reflection in the y-axis, a vertical stretch by a factor of 3, and a translation 1 unit down

The reflection in the y-axis can be achieved by changing the sign of the x-terms while leaving the y-term unchanged. Afterwards, the function needs to be stretched vertically by a factor of 3. This means that all terms will be multiplied by 3. Lastly, the function requires a translation 1 unit down. This can be done by adding a -1 to the y-term. Therefore, the final equation is 3x2-3(y+1)+9x2+12 which includes the reflection in the y-axis, vertical stretch by a factor of 3, and translation 1 unit down.

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Round 3.122 to the nearest hundredth

Answers

Answer:

3.12

Step-by-step explanation:

1 number after the decimal - tenths place.

2 numbers after the decimal - hundredths place.

3 numbers after the decimal - thousandths place.

4 numbers after the decimal - ten thousandths place.

5 numbers after the decimal - hundred thousandths place.

Answer:

3.12

Step-by-step explanation:

3.122 rounds up to 3.12 because 2 is less than 5, so the number rounds down.

The sides of AUVW are UV = 8x-19,
VW = 5x-5, and UW = 9x -22. If the
perimeter of AUVW is 86, list the angles in order from largest to smallest.

Answers

What is the distance between points
(5, 5) and (1, 5) on a coordinate plane? Enter the answer in the box

How do I solve this problem and if u could explain it from step by step?


2/3 (2 - 6 ) =

Answers

The value of the equation A = ( 2/3 ) ( 2 - 6 ) is A = -8/3

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as A

Now , the value of A is

A = ( 2/3 ) ( 2 - 6 )   be equation (1)

On simplifying the equation , we get

A = ( 2/3 ) ( 2 - 6 )

A = ( 2/3 ) ( -4 )

Multiply by -4 on the numerator , we get

A = ( 2 x -4 ) / 3

A = -8 / 3

Therefore , the value of A is -8/3

Hence , the value of the equation is -8/3

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Graph: y < -1

Is (-2,5) a solution? yes or no
Is ( 6,2) a solution? yes or no

Answers

Answer: Both points are not a solution.

Step-by-step explanation:

        This says that the graph will be every y-value less than -1. Both 5 (in the point (-2, 5)) and 2 (in the point (6, 2)) are greater than -1, meaning they are both not a solution.

        See attached for a graph with the coordinate points graphed as well. Since these points are not in the shaded region, they are not solutions.

The product of 9 and the difference of a number and 7.
Answer:
I
Submit Answer

Answers

Answer:

9x-63

Step-by-step explanation:

9*(x-7)

9x-63

the updated forecast for the amazon sales accounting for trend, seasonality and adjusted for the serial correlation using the ar(1) model is: billion dollars. if the answer is 75.2432 billion dollars just type 75.243 keep at least 3 decimal places for all parts of your calculation. record your answer with at least 3 decimal places.

Answers

As per the forecast, the updated forecast for the amazon sales accounting for trend, seasonality and adjusted for the serial correlation using the AR(1) model is 75.243.

In statistics, the term correlation defines the degree to which two variables move in coordination with one another.

Here we have Quarterly Amazon Sales (billion dollars) starting in Quarter 3 of 2013 through Quarter 2 of 2021 . And assume in Quarter 2 of 2021 the Amazon Sales were 96.6 billion dollars.

Now we have to use the output provided below to report the updated forecast for the Amazon Sales for Quarter 3 of 2021.

Here the variable time period is coded in the following way:

Start with

t=1 for Quarter 3 of 2013,

t=2 for Quarter 4 of 2013 .

Then the value of t will increase by 1 for each subsequent quarter.

Here in this example we have created indicator variables for Quarters 1, 2 and 3. Quarter 4 is the base level.

Now, by using the output here for the model accounting for trend and seasonality as well as the output for the AR(1) model report the updated forecast for Amazon Sales in Quarter 3 of 2021.

Here the subset of the output posted below: Response Revenues Bivariate Fit of Residual Revenues $2 By Lag residuals Parameter Estimates

Therefore, the Updated forecast for the Amazon Sales accounting for Trend, Seasonality and Adjusted for the Serial Correlation using the AR(1) model is 75.243

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Solve For X, using the degrees given in the equation.

Answers

Answer:

x= 101°.

Step-by-step explanation:

1. Refer to the theory.

Theory of triangles states that the sum of all inner angles of a triangle should equal 180°. Hence, you can make an equation that gives the missing value of "x" in this problem.

2. Form the equation.

[tex]x+30+49=180[/tex]

3. Solve the equation.

[tex]x=180-30-49\\ \\x=101[/tex]

4. Conclude.

x= 101°.

PLSS can you help me and answers

Answers

Answer #23

The lines will intersect at (1, 8) therefore this system of equations has one solution. This can be found by graphing or solving by elimination method. I attached a graph for you.



Answer # 24

False, the lines have the same slope but different y intercepts so the lines are parallel, they will never intersect and they have no solution

Harry and Sally both invest $2500 for their
school tuition in 3 years. Harry chooses to
invest his money at bank A at 2.5%/a
compounded monthly while Sally chooses
to invest her money at bank B at 2.75%/a
compounded quarterly. How much money
will Harry and Sally have in their bank
account after 3 years? Who made the best
investment? Explain your answer.

Answers

The amount Harry has in his account is $2,694.50

The amount Sally has in his account is $2,714.23.

Sally made the best investment.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

Harry:

P = $2500

T = 3 years

r = 2.5%

n = 12

A = 2500 [tex](1 + 0.208)^{36}[/tex]

A = 2500 x [tex]1.208^{36}[/tex]

A = $2,694.50

Sally:

P = $2500

T = 3 years

r = 2.75%

n = 4

A = 2500 [tex](1 + 0.69)^{12}[/tex]

A = 2500 x [tex]1.69^{12}[/tex]

A = $2,714.23

Thus,

Harry has $2,694.50 in his account.

Sally has $2,714.23 in his account.

Sally made the best investment.

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i need help asap!!! please help me i don’t know how to do this!!

Answers

The answer is 45
Hope this helps

A certain skin cream is 80 percent effective in curing a common rash. A random sample of 100 people with the rash will use the cream. Which of the following is the best description of the shape of the sampling distribution of the sample proportion of those who will be cured? А Bimodal B Uniform SO с Approximately normal D Strongly skewed to the left E) Strongly skewed to the right 11 8 GA N TALK ESTU MacBook Pro esc O F3 090 F FS FO aa E7 DI TO DO F9 F10 ! 1 $ % A 12. 2 3 4 C 5 & 7 6 3 0 * 8 9 ВЫ В ㅉ ㅈ CC C 77 u i Q W E R E T Y U HHHH 0 Р L o

Answers

The best description of the shape of the sampling distribution is C. Approximately normal.

The sampling distribution of the sample proportion of those who will be cured with the skin cream is approximately normal.

A sampling distribution is the distribution of a statistic calculated from a random sample of data. In this case, the statistic is the sample proportion of those who will be cured with the skin cream.

The Central Limit Theorem states that the sampling distribution of a statistic will be approximately normal if the sample size is large enough, regardless of the shape of the underlying distribution.

Since the sample size of 100 people is large enough, the sampling distribution of the sample proportion of those who will be cured with the skin cream is approximately normal.

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The question is -

Certain skin cream is 80 percent effective in curing a common rash. A random sample of 100 people with the rash will use the cream. Which of the following is the best description of the shape of the sampling distribution of the sample proportion of those who will be cured? А. Bimodal B. Uniform C. Approximately normal D. Strongly skewed to the left E. Strongly skewed to the right.

-3x+2y=9 X-3y=4 solve this system of equations by using the scientific method, the ordered pair of solutions is written in the format (x,y)

Answers

The ordered pairs of the solution to the system of equation are (-5, -3).

How to solve system of equation?

System of equation can be solved using methods like substitution method, elimination method and graphical method.

Let's solve the system of equation by substitution method.

Therefore,

-3x + 2y = 9

x - 3y = 4

Hence,

x = 3y + 4

Substitute the value of x in equation(i)

-3x + 2y = 9

-3(3y + 4) + 2y = 9

-9y - 12 + 2y = 9

-7y = 9 + 12

-7y = 21

y = 21 / -7

y = -3

Let's find x using equation(ii)

x = 4 + 3y

x = 4 + 3(-3)

x = 4 - 9

x = -5

Hence, x = -5 and y = -3

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Triangles U V W and X Y Z are shown. Angles V U W and Z X Y are congruent, angles U W V and X Z P are congruent, and angles U V W and Z Y X are congruent. The length of side U V is 50, the length of V W is 60, and the length of U W is 40. The length of side Z Y is 48, the length of Y X is 40, and the length of Z X is 32.
Which statement best describes triangles UVW and XYZ?

They are similar and congruent.
They are similar, but not congruent.
They are congruent, but not similar.
They are neither congruent nor similar.

Answers

The statement that best describes triangles UVW and XYZ is; They are similar, but not congruent.

How to Identify Congruent Angles?

We are given that;

Angles VUW and ZXY are congruent.

Angles UWV and XZP are congruent.

Angles UVW and ZYX are congruent.

Now, the length of side UV is 50, the length of VW is 60, and the length of UW is 40. The length of side ZY is 48, the length of YX is 40, and the length of ZX is 32.

Here the triangles are similar by the AAA similarity and the length of the first triangle is in the ratio 40:50:60 = 4:5:6 .

The side of the second triangle is also in the ratio 32:40:48 = 4:5:6 .

Therefore, the triangles UVW and XYZ are similar but not congruent.

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Answer:

B. They are similar, but not congruent

Solve:
19) m∠2 = 12x-4

Answers

For the given isosceles triangle when we solve m < 2 = 12x - 4 we get the value of x = 4.5 degrees.

It is known that two sides are equal so it is a isosceles triangle so the two angles are equal, that is

m<2 = 50

50 = 12x - 4

50 + 4 = 12x

54 = 12x

Divide by 12 on both sides

54 / 12 = 12 x / 12

x = 54 / 12

= 27 / 6

= 9 / 2

= 4.5 degrees

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Triangle Congruence: Question 3
In the proof, what is the reason for (5) ?
Given: V W║Z Y
W X=Y X
Prove: ΔVWX ΔXYZ
Select one:
SSA
H
SAS
ASA
SSS

Answers

In the proof, The reason for (5) ΔVWX ≅ ΔXYZ is ASA

Two triangles are congruent when their three angles and three sides are equal to each other. The two triangles need to be of the same size and shape to be congruent. Both the triangles under consideration should superimpose on each other.

There are 4 property we use to congruent two triangles ( ASA , RHS , SSS and SAS)

According to the question,

Given = V W║Z Y

W X=Y X

We have to prove :  ΔVWX ≅ ΔXYZ

Proof =>

It is given that V W║Z Y ,

Using parallel line property ,

(1) ∠W = ∠Y (interior alternate angles )

(2) ∠V = ∠Z ( Interior angle property)

(3) W X=Y X (given)

Therefore , By using ASA property

ΔVWX ≅ ΔXYZ

Hence , In the proof, the reason for (5) is ASA

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