Gabriel invested $540 in an account paying an interest rate of 6.4% compounded monthly. Assuming no deposits or withdrawals are
1 answer:
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The given equation is
We need to solve the equation for q.
<u>Value of q:</u>
The value of q can be determined by solving the equation for q.
Thus, subtracting both sides of the equation by r, we get;
Now, dividing both sides of the equation by b, we have;
Simplifying the terms, we get;
Therefore, the value of q is
Hence, Option B is the correct answer.