Answer:
$1,229.75
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3.25% into a decimal:
3.25% -> 
-> 0.0325
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
Lastly, subtract A from P to get the interest earned:
Answer:
Step-by-step explanation:
<u>Given equation:</u>
<u>Solve:</u>
- 4/7 + 8/3
- = 12/21 + 56/21
- =
- = 3 5/21.
- = 68/21.
Answer:
I am not smart enough
Step-by-step explanation:
Answer:
x = 6, y = 3
Step-by-step explanation:
Let Sally's age be x and Tomas's age be y.
Sum of Sally's age plus twice Tomas's age: x + 2y = 12
Difference of Sally's age and Tomas's age: x - y = 3
Multiply the second equation by two and add it to the first equation to get
3x = 18, which means x = 6.
Plug 6 in for x in the second equation to get 6 - y = 3, which means y = 3.
