subtract the the product of 3 and 4 from 36 then divide by the quotient of 9 and 3, subtracted from 15.
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Principal amount = P = $2875
Interest rate = r = 3.15% = 0.0315
Period = t = 7 years
Compunding periods = n = 2
The formula to be used is:
Using the values, we get:
Thus, the worth of the account after 7 years of saving will be $3578.11
Interest rate = r = 3.15% = 0.0315
Period = t = 7 years
Compunding periods = n = 2
The formula to be used is:
Using the values, we get:
Thus, the worth of the account after 7 years of saving will be $3578.11
Answer:
Step-by-step explanation:
<u>Step 1: Multiply both sides by 4/3</u>
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Answer: