Answer:
The total compound interest is $3,488.50, I hope I helped explain how to find total compound interest
Step-by-step explanation:
So the formula for this would be:
A = P(1+r/n)^nt
A = the amount of your principal plus interest, which is the total
P = stands for the principal, which is your original amount invested
r = shows the interest rate in decimal form
n = stands for the number of compounding periods
So to solve for the compound interest we would plug in our numbers in replacement for the letters
Answer:
12 = -3 - 3x
Step-by-step explanation:
Same concept as the last question I answered. First, let's derive a formula from the given model. So we have 3 negative x and 3 negative 1 which equal to 12 positive ones, this can be written as:
-3x - 3 = 12
which can be rewritten as
12 = -3 - 3x
Answer:
42
Step-by-step explanation:
33+9=42
42-9=33
Answer:
5 months
Step-by-step explanation:
Given


Required [Missing from the question]
At what month will the cost be equal
To do this, we equate both expressions

This gives:

Collect like terms


Solve for m


Answer:
y=1
Step-by-step explanation: