Write the word form for 3,500.16
2 answers:
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X varies directly as y
x = ky
3 = 2k
k =
when x =9
9 =y
= y
∴y = 6
please mark as brainliest
x = ky
3 = 2k
k =
when x =9
9 =
∴y = 6
please mark as brainliest
Answer:
$1,179
Step-by-step explanation:
Lets 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, lets change 2.6% into a decimal:
2.6% -> -> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179