Say a certain service industry has 78.9 thousand jobs in 2003, but expects to increase at an average annual rate of 2.65 thousan
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The required equation is y = 10000(1.0.25)^2x. The value of Christina’s investment after 20 years is $30,773.14
Compound interest
The interest accrued on a sum of money is known as interest. The formula for calculating the compound interest is expressed as:
y = y0(1+r/n)^nx
where
x is the time taken
r is the rate in decimal
n is the compounding time
Given the following
x = 20 years
n 2(semi annually)
r = 5.7% = 0.057
Substitute
y = 10000(1+0.057/2)^2(20)
y = 10,000(1 + 0.0285)^40
y = 10000(1.0285)^40
y = 30,773.14
Hence the value of Christina’s investment after 20 years is $30,773.14
Learn more on compound interest here: brainly.com/question/24924853
Answer:
Hi my lil bunny!
❀ _____.______❀_______._____ ❀
or it could be
Step-by-step explanation: Factor the numerator and denominator and cancel the common factors. OR Move the negative in front of the fraction.
Try both of them because they both could be right.
❀ _____.______❀_______._____ ❀
Hope this helped you.
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