Answer:
In this case, the equation that models the value of an initial investment of P dollars in t years at an annual interest rate of r is given by A = Pert.
Step-by-step explanation:
Answer:
$3,273.14
Step-by-step explanation:
-We first calculate the effective interest rate of 1.13% compounded daily:

#Now, we calculate the compounded amount after 2 years using this rate:

Hence, the compounded amount after 2 years is $3,273.14
Answer:
-8
Step-by-step explanation:
both 8^-8 and 16^-8+2 equal 5.9605
Answer:
47x - 9
Step-by-step explanation:
-4(4x + 4) + 7(1 + 9x)
-16x -16 + 7 + 63x
47x -9
You can find what x = because there is no = sign. This is in simplest form.