A = P(1+i)ⁿ ==> compound interest where P= initial Capital, I =interest in% and n the number of years. A is the total amount collected over n years
A= 500(1.0325)¹² ==> 500(1+0.0325)¹² ==> 500(1+3.25%)¹²
The mistake is:
Either she has a yearly interest of 3.25% & she wrote 12 instead of 3 (years)
OR
She got a quarterly interest of 3.25% and in this case she should have divided 3.25& by 12 (4 quarter a year ==> 12 quarter for 3 years) by keeping as exponent the number 12 (right)
1)Now the Amount of A (as she wrote it) =500(1.0325)¹² = 734
2) If she wrote 12 instead of 3, and after correction A=500(1.0325)³ =550
3) But if she had taken the quarterly interest for a period of 3 years (12 Qrtr)
then A =500[1+(3.25%)/4]¹² = 551
Answer:
I believe it would be $866.07
Step-by-step explanation:
All you need to do is 487.78+378.29 right?
I could be wrong-
The answer is -20x, because the parentheses show they are being multiplied, so you multiply -10x and 2, which would be -20x.
Answer:
Step-by-step explanation:
Parallel lines have the same slope.
Point-slope equation for line of slope 3 that passes through (1,-2):
y+2 = 3(x-1)
