Answer:
Step-by-step explanation:
In order to make d the subject of the formula, you need to isolate it.
- You started with d-7 = 4d + 3/e
- Move 4d to the left side by subtracting 4d from both sides to cancel it from the right so you have...
d - 7 = 4d + 3/e This will leave you left with -3d - 7 = 3/e
-4d -4d
- Then move over the -7 by adding 7 to both sides...
-3d - 7 = 3/e This will leave you left with -3d = 3/e + 7
+7 +7
- Finally to get d by itself divide both sides of the equation by -3 and you'll be left with...
- You can cancel out the 3 in the -3/3e and make it -1/e so your final answer will be
<span>A = P(1+r/2)^2t
A/P = (1+r/2)^2t
ln(A/P) = 2t ln((1+r/2))
ln(A/P)/ln(1+r/2) =2t
ln(9000/4190.51)/ln(1+0.052/2)=2t
t=15 yrs
therfore ans is C.14 years ,11 months</span>
Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
