A group of friends wants to go to the amusement park. they have no more than $405 to spend on parking and admission. parking is
1 answer:
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1. (10m - 14) + 9 = 12 1. Given
2. 5m - 7 + 9 = 12 2. Distributive Property
3. 5m + 2 = 12 3. Simplify (added like terms)
4. 5m = 10 4. Subtraction Property of Equality
5. m = 2 5. Division Property of Equality
The balance after one year is $5200
Step-by-step explanation:
The formula to apply here is
where
A=Amount of money at the end of the period=?
P=the amount of money invested= $5000
r=rate of interest=4%=0.04
n=number of compounding per year=1
t=time in years=1
Applying the formula
A=$5200
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Compound Interest: brainly.com/question/12148233
Keywords : interest, compounded annually
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