WhicWhich of the following statements uses the multiplicative identity?
2 answers:
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The answer is $350
The formula is as follows:
P: Principal Amount : $273
r: Rate of interest: 5%
n: number of times the interest is compounded: 4 (Since Quarterly)
t: number of years : 5
The formula is as follows:
P: Principal Amount : $273
r: Rate of interest: 5%
n: number of times the interest is compounded: 4 (Since Quarterly)
t: number of years : 5
Bryan should have split the into <u>four equal parts</u> (not 8). Each smaller part is
Note how reduces to
Since there are 4 smaller parts or groups, this means
Refer to the diagram below.
