Answer:
Both 10 and 2
Step-by-step explanation:
Hope this helpsss
A=74%
B=$321.75
if my calculations are correct.
Answer:
b= 12
Step-by-step explanation:
3/b = 5/20
3/b = 1/4
b= 12
Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above