Answer:
Part A)
Part B)
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
S is the Future Value
P is the Present Value
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
Part A)
in this problem we have
Part B) How much money will Marcus have in the account in 7 years?
we have
substitute in the formula above
Answer:
(st)(6)= s(6) * t(6)
Step-by-step explanation:
(st)(6)
(st)(x)= s(x) * t(x) we multiply it
(st)(6)= s(6) * t(6)
Hope this helps.
Answer:
C. $29.20
Step-by-step explanation:
The difference between using an electric stove and a gas stove everyday is 13 cents - 5 cents= 8 cents.
Saving 8 cents everyday.
Therefore for a year, Bryce will save 8 cents × 365days = 2920 cents
Then 2920 cents = $(2920÷100)
=$29.20
Then it would get bigger, thats what makes sense... are there answer choices?