Answer:
a. $ 2,431.01 = 4 years
b. $ 4,584.04 = 17 years
c. 4.57 years = $ 2,499.57
d. 8.3 year = $ 2,998.48
e. $ 2,431.01 = 4 years
Step-by-step explanation:
Compound Interest Equation
A = P(1 + r/n)nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
X=5. y=35.
To solve, substitute the 7x into the equation for y. Solve. You get x=5. Then put that into your first equation. Solve. You get y=35. Hope that helps!!
6 5/6 just subtract 2 from the whole (8)
All of the values follow the same formula rule. n= n x (n-1) / 2
Use this formula to find the number of segments.
A. This is correct. When you transfer n to the other side, that would be the reciprocal power of a.
b. This is incorrect, because this contradicts with choice a.
c. This is correct. When a number is raised to a "1/n" fraction, that is equivalent to the nth root of the number.
d. This is incorrect, because it is not equivalent to the given equation.
<em>Thus, the answers are A and C.</em>
