Answer:
The balance after four years is $1129.27
Step-by-step explanation:
The formula for compound interest, including principal sum, is 
- A = the future value of the investment/loan, including interest
- P = the principal investment amount (the initial deposit or loan amount)
- r = the annual interest rate (decimal)
- n = the number of times that interest is compounded per unit t
- t = the time the money is invested or borrowed for
∵ $800 is deposited in an account
∴ P = 800
∵ The account pays 9% annual interest
∴ r = 9% = 9 ÷ 100 = 0.09
∵ The interest is compounded annually
∴ n = 1
∵ The time is 4 years
∴ t = 4
- Substitute the values of P, r, n, and t in the formula above
∵ 
∴ 
∴ A = 1129.265
∴ The balance after four years is $1129.27
If you would like to know the number of minutes of long-distance calls you made, you can calculate this using the following steps:
3.3 cents = $0.033
m = $3.40 / 3.3 cents
m = $3.40 / $0.033 = 3.40 / 0.033
m = 103.03 minutes
The correct result would be <span>103.03 minutes.</span>
Answer:
Ammm, I think the answer you have is wrong, but what I really think is that the equations you put in are not the right ones because the answer for these is "ugly" (decimals etc...). Want to check your equations?
Step-by-step explanation:
Here is a step by step explanation to your equations (I assumed +3z for the second but you can change it). You can edit it for your equations if you want to.
https://simplisico.com/share/q/QiWKOyN5uYgkSG4iBXOmdG0i