Answer: $1.35
Step-by-step explanation:
1.29 * 5% = 1.29 * 0.05 = 0.0645
0.0645 rounds down to 0.06
1.29 + 0.06 = 1.35
Answer:
r = 2x + 7
Step-by-step explanation:
get r on one side
8x + 12 + 16 = 4r
divide both sides by 4 to get r by itself
8x/4 + 12/4 + 16/4 = 4r/4
2x + 3 + 4 = r
2x + 7 = r
or
r = 2x + 7
Answer:
x≈−
1.32047132, 0.82496696
Step-by-step explanation:
Answer
After the 10 years with accrued interest, there will be roughly $1,552.92 in the account.
Explanation
Using the given equation A = P(1 +r)^t
We are given that our initial start is $500.
P = 500
We are further told that the percentage interest gained is 12%, so we need to convert this into a decimal to be able to work with it.
12% / 100% = 0.12
r = 0.12
t is then our time in years
t = 10
A = 500(1 + 0.12)^10
A = 500(1.12)^10
A = 500(3.1058)
A = 1,552.92
After the 10 years with accrued interest, there will be roughly $1,552.92 in the account.
