What we know:
Acct. balance A (11)= $2,976.45
Pricipal=$1,963.45
Compounded (n)=quarterly (4)
rate=r
Compound interest formula: A (t)=p (1+r/n)^nt
What we need toi find:
If the interest compounds quarterly, what is the interest rate on the account? Find r.
A (t)=p (1+r/n)^nt
2976.45=1963.45 (1+r/4)^(4×11)
2976.45=1963.45 (1+r/4)^44
2976.45/1963.45=1963.45/1963.45 (1+r/4)^44
1.5159=(1+r/4)^44
(1.5159)^(1/44)=((1+r/4)^44)^(1/44)
1.0095=1+r/4
1.0095-1=1-1+r/4
.0095=r/4
.0095(4)=r/4 (4)
.038=r
Rate = 3.8%
Answer:
Step-by-step explanation:
- 36^(3/2) =
- (6^2)^(3/2) =
- 6^(2*3/2) =
- 6^3 = 216
Step-by-step explanation:
-3x - 10 > 14
-3x > 24 (add 10 to both sides)
x < -8 (divide by -3, flip inequality sign)
The missing step is -3x > 24.