Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
C) 34
Step-by-step explanation:
use -b/2a to find the x value of the vertex (3)
then plug 3 into equation
- 3(3)² + 18(3) + 7
the answer is 34
Answer:
x + 29 = 41
Step-by-step explanation:
Trevon received some money, but we don't know how much, so we will represent that with x.
The money he received will be add the amount he had last friday, $29.
The equation will equal his current amount, $41.
