Answer:
A ≈ $500
General Formulas and Concepts:
<u>Pre-Alg</u>
- Order of Operations: BPEMDAS
<u>Algebra I</u>
Compounded Interest Rate: A = P(1 + r/n)ⁿˣ
- A is final amount
- P is initial (principle) amount
- r is rate
- n is number of compounds
- x is number of years
Step-by-step explanation:
<u>Step 1: Define</u>
P = 230
r = 0.063
n = 365
x = 12
<u>Step 2: Solve for </u><em><u>A</u></em>
- Substitute: A = 230(1 + 0.063/365)³⁶⁵⁽¹²⁾
- Divide: A = 230(1 + 0.000173)³⁶⁵⁽¹²⁾
- Multiply: A = 230(1 + 0.000173)⁴³⁸⁰
- Add: A = 230(1.00017)⁴³⁸⁰
- Exponents: A = 230(2.1296)
- Multiply: A = 489.808
Answer:
2,025
Step-by-step explanation:
5 squared is 5x5 = 25
9 squared is 9x9 = 81
25x81 = 2,025
Answer:
The second option annually
Step-by-step explanation:
(4,900×12)×10 the multiply by 2.9%. Take that number and add on every 10 years
Answer:
hope this helps...
Step-by-step explanation:
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