Choose the student who correctly used substitution to determine if 19 was a solution to the equation. 6 + m = 24. 6 + 19 = 24. 2
2 answers:
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ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.