How to Simplify (6^4)^2
1 answer:
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Answer:
The value of this investment at the end of the 5 years is of $662.5.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Dina invests $600 for 5 years at a rate of 2% per year compound interest.
This means that . Thus
Calculate the value of this investment at the end of the 5 years.
This is A(5). So
The value of this investment at the end of the 5 years is of $662.5.
Answer:
A
Step-by-step explanation:
First, you have to align the like terms next to each other so that it will be easier to combine like terms. (Like terms have the same variables and powers)
Combine like terms:
(When combining like terms all you have to do is add/subtract the coefficients, number in front of variables, and leave the variable and exponents)
So, we get