Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer:
Step-by-step explanation:
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8² = 64
64 • 6 = 384
29 x 54 = 1566
They collected at least 1566 cans
9514 1404 393
Answer:
x = 2
Step-by-step explanation:
As you have indicated, you want to multiply both sides of the equation by 6x.
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<em>Additional comment</em>
The denominator on the left is x. The least common denominator on the right is 6. To clear fractions, you can multiply by the product of these values: 6x. Doing this gave us the one-step linear equation 6 = 3x.
As with any operation performed on an equation, the operation must be performed <em>on both sides of the equation</em>. Here, we <em>multiply both sides by 6x</em>. It is a bit unconventional and confusing to show that multiplication as you have shown it in your figure. Usually, it would be shown as in the 2nd line of the solution, above.
Answer:
-1
Step-by-step explanation: