<h3>Answer: 787.25 dollars</h3>
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Work Shown:
A = final amount after t years = 1000
P = initial deposit = unknown
r = interest rate in decimal form = 0.08
n = compounding frequency = 12
t = number of years = 3
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A = P*(1+r/n)^(n*t) is the compound interest formula
1000 = P*(1+0.08/12)^(12*3)
1000 = P*1.27023705162066
1.27023705162066P = 1000
P = 1000/1.27023705162066
P = 787.254629932364
P = 787.25 rounding to the nearest penny
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note: this assumes that the interest rate stays at 8% the entire three year period; also, you cannot withdraw any money from the account during this time period.
Answer:
A
Step-by-step explanation:
Sorry if I am wrong
it is kinda confusing
Answer:
163/324
Step-by-step explanation:
Answer:
1. 4 as that is when he is closest.
2. 3 is when he is waiting as the graph is horizontal showing no movement
3. 4 would change as that is showing his pace walking home if it increased the slope would become steep but if it decreased it would level out more.
Step-by-step explanation:
10+6x=4x-4
6x-4x=-4-10
2x=-14
x-7
10=6(-7)=-32
4(-7)-4=-32
=-32
