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
First you should set up fractions equal to each other to see the size ratio
8/34 = x/1.2
As to make comparable fractions. Then you would cross multiply in order to get
Divide both sides by 34 and you should get an answer of 0.28m for the model beam.
The fifteenth customer will be the first because 5x3=15
The answer would be B. You multiply the 2 on both sides, getting 12 on the right. Then you divide by -1, and that switches the sign and makes 12 negative.
Combining like terms, we have
