Answer: $86.25
Step-by-step explanation:
For this problem, we are given p, r, t.
p=70 (starting amount)
r=0.11 (11%)
t=2 (years)
We can plug this into the equation B=p(1+r)^t
B=70(1+0.11)^2
B=86.247
Sam would have $86.25
Okay. On the part that's not the whole number, see how the top number is BIGGER than the bottom? That means that it's not simplified. In order to make it simplified, you have to take a whole out of the pat that's not a whole number. Since the denominator is 12, the whole is 12/12. So, subtract it from the 13/12.
13/12-12/12=1/12
Now, since you found a whole inside of the fraction you have to add 1 to the whole number.
5+1=6
So, the answer is 6 1/12.
Thanks for the points!
Answer: Amount = $143776
Step-by-step explanation:
Given that London was offered a job that paid a salary of $93,000 in its first year. The salary was set to increase by 2% per year every year.
Let P = 93000
Rate R = 2%
The amount of salary he will receive after 22 years can be calculated by using exponential equation
A = P(1 + 2%)^t
Where t = 22 years
A = 93000(1.02)^22
A = 93000 × 1.545979
A = 143776.11 dollars
Answer: -3000
Step-by-step explanation:
That answer was on quizlet
