Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
143.44 degrees
Hope this helps (:
Answer:
s = 33
Step-by-step explanation:
99=3s
(99/3) = s
s=33
Answer:
$240
Step-by-step explanation:
I = prt
I = (2,400) (0.04) (2.5)
note: I changed 4% to a decimal and 30 months to 2.5 years
I = 96 (2.5)
I = 240 <-- The interest
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The simple interest accumulated on a principal of $ 2,400.00 at a rate of 4% per year for 2.5 years (30 months) is $240.00.
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* Last time I did interest was in 6th grade and I don't remember much. So I am very sorry if my answer is wrong *
Answer:
The length of one side of the square is 3.
Step-by-step explanation:
The perimeter of any given shape is all of the sides added together. So, the perimeter of the triangle is 5x + 4x + 3x. Added together, 12x.
The perimeter of the square is (x + 2)*4. Distributed, it's 4x + 8. Since we know they're equal, set it up like this:
12x = 4x + 8
You then find that x = 1. Plug that into one side of the square, x + 2, to get 3.
