Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
B. Is the correct answer. For part B, he can buy 15 balloons since X=15. Plug this back into the equation to check: 2(15)+20=50.
2(15)=30+20=50.
Try this option:
if x+y=-9 is I (one)
and x+2y=-25 is II (two), then
if II-I, then (x+2y)-(x+y)=-25+9 ⇔ y=-16.
-0.72 because u can’t write a check and u don’t have the funds
Answer:
-24
Step-by-step explanation:
Easy way: 42 - 18 = 24, then translate it to negative 24 because your numbers are negative.
A little bit harder way: -42 + (-18) or -42 + 18 = -24
