An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.
1 answer:
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Answer:
x = -1, x = 1
Step-by-step explanation:
Factor the equation. (It's a difference of squares, so we know the form will be (a-b)(a+b).)
Test this by FOILing it out, if you're unsure. This is something it can be good to memorize!
Set it equal to 0.
Separate the two parenthetical expressions by the Zero Product Property.
Solve for x!
Here is you're answer:
In order to get you're answer you need to find the common denominator then add.
- Find the common denominator:
- Simplify:
-
Therefore you're answer is option D "13/24."
Hope this helps!