Answer:
$1207.96
Step-by-step explanation:
The accumulated value for simple interest is defined by the following formula:
FV=PV(1+it)
we have (where x is the present value or PV)
1200= x(1+.05*3)
Solve for x
1200=1.15x
x=1043.478261
We now need to use the equation for annually compounding interest
We have
which rounds to
$1207.96
Answer:
0
Step-by-step explanation:
-4-(-4)
see how there is a minus sign and a negative
this is known as a double negative
double negative's always = a plus sign
therefore the problem is really read as
-4+4
which equals 0
Answer:
f(-3)=9
Step-by-step explanation:
We want to find what f(x), or y is, when x is equal to -3.
f(x)=x^2
We want to find f(-3). Therefore, we can substitute -3 in for x.
f(-3)=(-3)^2
Evaluate the exponent. -3^2 is the same as -3*-3.
f(-3)=-3*-3
f(-3)=9
First, find 2% of 1200. We do this by multiplying 1200 by .02. This gives us 24. Then, we add 24 to 1200, giving us 1224. (We add 24 since 24 is 2% of 1200, and we're increasing by that 2%)