Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Solve the inequality. E
1 answer:
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Answer:
Step-by-step explanation:
In order to solve for b, we must isolate the variable. We can start by subtracting 5 from both sides.
Simplify.
Add b to both sides.
Simplify.
Multiply everything by 3 to remove the fractions.
Simplify.
2b + 3b = 45
Simplify.
5b = 45
Divide 5 from both sides.
5b ÷ 5 = 45 ÷ 5
Simplify.
b = 9
For more information on solving variables, check out the following answers!
Answer:
$2936.79
Explanation:
The Formula for compounding interest:
F = final amount (we need to find this)
I = initial amount (900 + 250 + 300 + 1400 = $2850)
r = interest rate (1% = 0.01)
n = number of times interest applied per time period (360)
t = number of time periods elapsed (36 months = 3 years)
F = 2850(1.030454105)
F = $2936.79