Answer:
Step-by-step explanation:
Solving an inequality is similar to solving an equation. To solve for r, isolate it. Whatever you do to one side, do to the other. Remember that a negative and a negative equal a positive, thus one side of the inequality becomes r + 5. Then, subtract both sides by -5 to find the answer.
Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
