Answer:
$8,240
Step-by-step explanation:
We are given that,
Principle amount in the savings account, P = $5,000.
Rate of interest, r = 5% = 0.05
Time period, t = 10
Also, the interest is compounded monthly, n = 12
As, we now that the value of the investment is given by 
Thus, we have,
Investment Value = 
i.e. Investment Value = 
i.e. Investment Value = 
i.e. Investment Value = 
i.e. Investment Value = $8,240
Hence, the investment amount after 10 years is $8,240.
-5-(15y-1) = 2(7y-16) - y // question
-5-15y+1 = 14y-32-y // distribute
-15y - 4 = 13y - 32 // subtract
-28y = -28 // divide
y = 1
Answer:
8
Step-by-step explanation:
Answer:
x = 1/15
Step-by-step explanation: