Answer:
The formula is F = P(1 + interest percent)^n
Here,
p =8000 dollar
interest percent =5.5% = (5.5/12)/100 =0.004583 (compounded monthly)
n =7 x 12 =84 (compounded monthly)
=> Mark's account balance after 7 years
F = 8000*(1+0.004583)^84 =11746.2503 dollar
Step 1: Multiply the Principal, which is the amount borrowed, by the interest rate.
Step 2: Compute compound interest using the following formula: A= P(1+r/n)
Hope this helps u
Answer:
x = 16/y
or
y =16/x
Step-by-step explanation:
31=xy+15
subtract 15 from both sides of the equation:
xy = 16
x = 16/y
or
y =16/x
None But, 80 x 2 = 160 and 80 + 2 = 82, are you sure you mean 92?