3(x+4y)+5(2x-y)
3x+12y+10x-5y distributive prop.
13x+7y add like terms
Answer:
There are two when n= 11 and n=-11
Step-by-step explanation:
Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Answer:
5%
Step-by-step explanation:
15/300 = 0.05
5%
