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The standard compound interest formula is
Future value after x years with an annual interest of i
=Present Value (1+i)^x [which is an exponential function]
for given present value of $360. interest=0.03 (3%) and a total of x years, above equation reduces to
Future value after x years
=360(1.03^x)
Answer:
I believe that the answer is 'n=8'.
60.
let x be the number you're trying to solve.
(x/100)25 = 15
x/4 = 15
x = 15(4)
x = 60
Step 1 should have been 27(6+30).
