Answer:2
Step-by-step explanation:
Answer:
Step-by-step explanation:
1.) Apply the distributive law
5x + 5 * 2
2.) Multiply the numbers
5 * 2 = 10 is equivalent to 5x + 10
3.) Group like terms
5x - 3 + 10
4.) Add/subtract the numbers
-3 + 10 = 7 is equivalent to 5x + 7
Answer: $76,244.51
Step-by-step explanation:
You need to use the compound interest formula here.
First of all however, you need to convert the terms to monthly figures because the interest is compounded monthly.
4% in months = 4 / 12 = 4/12%
6 years = 6 * 12 = 72 months
Now use the compound interest formula:
= Amount * (1 + rate) ^ number of years
= 60,000 * ( 1 + 4/12%) ⁷²
= $76,244.51
Exact Form: -245/12 , Decimal Form: -20.4166666, or Mixed Number Form: -20 5/12
