Answer:
$305.9022863 or $305.90 (rounded to 2 decimal places)
Step-by-step explanation:
It is a compound interest, meaning an interest accumulates on an initial amount every period. The formula
A= P(1+R)^n
A= the total amount P=Initial amount R= rate n=time period
P=$100 R=15% or 0.15(decimal) n=8 (years)
A= 100 (1.15)^8
A= 100(3.059022863)
A=305.9022863
-48
put it in a calculator, it'll spit the answer out
Answer:
x - 1
Step-by-step explanation:
x
x - 1
x - 2
x + (x - 1) + ( x - 2)
3x - 3
3(x - 1)
Average
3(x - 1)/3
x - 1
Use the quadratic formula:
