Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,
Thus, after 9 years the account will be worth 13709.60$
An equal sign is a symbol in mathematics.
It is to indicate that the given terms are <span>equal.
It is also used to </span>indicate a mathematical <span>equality.
An equal sign looks like ( </span>
) this.
Two negatives <em>do not </em>equal a positive when adding. If you're in debt and you add more debt, does that get you out of debt?
Two negatives <em>do </em>equal a positive when you're multiplying them together though. This makes sense if you imagine multiplication as squishing or stretching a particular number on the number line. For example, imagine multiplying 2 x 1/2 as <em>squishing </em>the number 2 two times closer to 0. When you multiply 2 by a negative number, say, -1, you squish it so far down that you <em>flip it to the negative side of the number line</em>, bringing it to -2. You can imagine a similar thing happening if you multiply a number like -4 by -2. You squish -4 down to zero, and then <em>flip it to the positive side</em> and stretch it by a factor of 2, bringing it to 8.
