Answer: the future value is $1748.4
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1550
r = 4% = 4/100 = 0.04
n = 365 because it was compounded 365 times in a year.
t = 3 years
Therefore,.
A = 1550(1 + 0.04/365)^365 × 3
A = 1550(1+0.00011)^1095
A = 1550(1.00011)^1095
A = 1550 × 1.128
A = 1748.4
Answer:
-2n - 12
Step-by-step explanation:
Combine like terms. Note that each term has one variable (n). Also note that one negative sign and one positive sign results in a negative sign.
-6n + (-12) + 4n = -6n + 4n - 12 = -2n - 12
-2n - 12 is your answer
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<span>Just multiply both sides by 5</span>
