First rewrite 8/25 and 7/20 so that they have a common denominator
1 answer:
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To evaluate a function at a given input, you have to substitute every occurrence of the variable with that particular value.
So, for the first function, you have
The name of the variable is obviously irrelelvant, so the same goes for the second function:
Answer: $5,828.28
<u>Step-by-step explanation:</u>
Use the Compound Interest formula: where
- A is the accrued amount (balance)
- P is the principal (initial amount invested)
- r is the interest rate (in decimal form)
- n is the number of times compounded each year
- t is the time of the investment (in years)
Given: P = 4,900
r = 3.5% (0.035)
n = 2
t = 5