Mike says that 3/3 of his a fraction model is shaded blue. Ryan says that 6/6 of the Same model is shaded blue are the two fract
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Answer:
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Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above