Answer: $1,412.52
Step-by-step explanation:
Formula to calculate the accumulated amount if <em>P</em> principal invested for <em>t </em>years at a rate of interest <em>r</em> that compounded daily is given by:-
Given: P= $2,335.69
r= 4.3%= 0.043
t= 11 years
Then,
Interest earned = A-P
= $3748.21- 2335.69.
= $1412.52
Hence, Neal earned $1,412.52 as interest.
Answer:
m= 1/2.
Step-by-step explanation:
To solve this, we must make the bases equivalent. We can do this by finding the common base which is 5.
We know that 125= 5³ and 25=5², which will help us in this equation. We can rewrite the equation substituting this for the original numbers:
Distribute the exponents to get:
Now, we can simply ignore the '5' and solve for 'm':
6m= 2m+2
4m= 2
m= 1/2.