Since this is a compound interest, we will use this formula: A = P(1+r/n)^n*t
P = $1000 --> the amount that we start with
r = 8% --> this is the rate
n = 4 --> This is because it is compounded quarterly.
t = 5 --> the amount of years
A = 1,000.00(1 + 0.02)^(20)
So our final value after inserting those numbers in the equation is: $1,485.95.
I would call it 17,066.67
Answer:
485
Step-by-step explanation:
Q(-9) = 6(-9)² - 1 = 6×81 - 1 = 486 - 1 = 485
Answer:
slope = - 1
Step-by-step explanation:
Calculate the slope m using the slope formula
m = 
with (x₁, y₁ ) = (- 1, 4) and (x₂, y₂ ) = (2, 1)
m = 
= 
= - 1
To find the percent of the monthly income that is savings, you will divide the amount saved by the total amount of income.
300/1387 = 0.216
The approximate percentage of income that is savings is 22%.
