Answer: r= -1000
Step-by-step explanation:
Solve for r by simplifying both sides of the equation, then isolating the variable
Answer:
$3,090.64
Step-by-step explanation:
We shall allocate a random letter to each value, with that I explain the formula.
Initial value of investment = $5,003.86 = P
Rate of interest = 3.7% = R
Compounding interval in a year = 365 = I
Total period = 13 years = T
Value of investment in compound interest formula shall be:

Now, putting values in the above equation:

= $8,094.50
Thus, interest earned = Total value of investment on maturity - Initially invested amount
= $8,094.50 - $5,003.86 = $3,090.64
For 26
ST is = TU
27
2x-1=15
2x=16
X=8
Answer:
$39,851.25
Step-by-step explanation:
If the sales increase at a rate of 9% per year, this means it will be 109% of the previous year's value since 100% + 9% = 109%
109% in decimal form = 109/100 = 1.09
Therefore, the exponential function is:
, where
is the number of years
So when
,

After 8 years, annual sales = $39,851.25
7/30 x 100 = approx 23.3%