Answer:
The Answer is A.
Step-by-step explanation:
A P E X
Answer:
Number 1 is b
I found the answer on a website
Answer:
A = $13,660.81
Step-by-step explanation:
P (principal) = $4,800.00
I (interest) = $8,860.81
First, convert R as a percent to r as a decimal
r = R/100
r = 6.2/100
r = 0.062 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 4,800.00(1 + 0.062/4)(4)(17)
A = 4,800.00(1 + 0.0155)(68)
A = $13,660.81
Answer:
8r.
Step-by-step explanation:
If we substitute 3 into all of these equations, we get
8(3) which equals 24
6(3) which equals 18
9(3) which equals 27
7(3) which equals 21
8r is the one that equals 24 when 3 is substituted.
9514 1404 393
Answer:
y = 2200(1.08^t)
Step-by-step explanation:
The interest earned the first year is ...
(2376 -2200)/2200 = 0.08 = 8%
The balances the remaining years are consistent with that interest being compounded annually. An appropriate function is ...
y = 2200(1.08^t)
_____
The compound interest formula is ...
A = P(1 +r/n)^(nt) . . . . principal P earning rate r compounded n times per year for t years
