Given:
Future Value = $15,000
time (t) = 11 years
rate (r) = 4.4% or 0.044
number of conversions per year (m) = 365
Find: Initial amount or the Principal
Solution:
Formula for Compound Interest is:
From that, we can derive the formula for the Principal or the initial amount.
Let's plug in the given data above to the formula of the principal value.
Then, solve for P.
Answer: You must invest $9, 244.97 to the account in order to get $15,000 after 11 years.
9. You can easily get rid of the decimal fraction by multiplying by 10. This will move the decimal point one place to the right in each number.
However, since all the decimal fractions are even numbers of tenths, you can also turn them to integers by multiplying by 5:
... 3x +24 = 36
_____
10. If you can't describe what the parts of your equation represent, you have no business writing it. Saying you can't describe your equation is the same as saying you don't understand the problem.
It is important to be able to describe the parts of the equation just as it is important to be able to say what the problem is telling you, what it is asking, and what your strategy is for solving it. The parts of the equation are intimately tied with those things: they embody the given information and the strategy of your solution.
Answer:
a/5
Step-by-step explanation:
You can choose a random number for a and see which is greater. For example, you can say a = 40.
That would mean a/5 = 8 and a/8 = 5. Since 8 is greater than 5, a/5 will always be greater.
Answer: The slope is -3/2
Step-by-step explanation:
To find the slope, find the difference in the y coordinates and divide it by the difference in the x coordinates.
y coordinates; 9 - 15 = -6
x coordinates : 8 - 4 = 4
Slope: -6/4 = -3/2
