Answer:
Step-by-step explanation:
P = 20,000
R= 1.5
T= 2 years
A = P(1+ R/100) ^ n
Answer:
Identity property of multiplication
Step-by-step explanation:
From step 5:

Here, to solve for x so that the variable x stands alone, Alberto uses the identity property of multiplication, which justifies what he has in step 6.
Step 6:

According to the identity property of multiplication, any value you multiply by 1 gives you that same value.
Therefore, 1x = 1 × x = x.
The variable x multiplied by 1 will give you x.
Answer: 20
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor. A nominal interest rate refers to the interest rate before taking inflation into account.