1. (12 points) a newlywed couple want to buy a house. they received $4500 in cash as wedding gifts.
ney estimate they will need $10,000 for the down payment. at 7% simple interest, how long before
they become homeowners?

They need 18 full years to become homeowners.

Step-by-step explanation:

They received $4,500 in cash as wedding gifts.

They will need $10,000

Difference = $10,000 - $4,500 = $5,500

Use formula

where

I = interst

P = principal

r = rate

t = time

In your case,

I = $5,500

P = $4,500

r = 0.07 (or 7%)

t = unknown

Hence,

They need 18 full years to become homeowners.

jhfdergmllm: $"$& (& #@$& () 9887¥€¢£`~¥°℅™℅℅℅=

step-by-step explanation:

π^°×{{€€

if x decreases by 4 then y increases by 10

step-by-step explanation: