Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.3% into its decimal form:
3.3% -> -> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 1 year will be $7,544.58
Answer:
The set of natural numbers can be denoted as: {} (null set) because no natural number will satisfy the given equation.
Step-by-step explanation:
Given equation:
To find the set of natural numbers that satisfies the above equation.
Solution:
In order to find the set of solutions for the equation, we will solve it for
We have:
Subtracting both sides by 8.
∴
Thus, we get only one solution for that satisfies the given equation but it is not a natural number. -3 is an integer.
Set of natural numbers {1,2,3,4,5,6........}
Thus, we can say the set of natural numbers that satisfies the equation is a null set {}.