Answer:
4,218.75
Step-by-step explanation:
Lets say that P is your starting principal (spelled -pal and not -ple, because Your Money is Your Pal), r is the interest rate (expressed as a decimal), and Y is the number of years you invest. Then your future value will be:
P (1 + rY) (Simple Interest)
P (1 + r)Y (Annually Compounded Interest)
Note the two formulas give the same answer for one year. After that, compound interest takes off.
39 x 5 = (30 x 5) + (9 x 5) = 150 + 45 = 195
He did not change the sign of operation when 28 crossed the equals sign.
Answer
x1 = −1.768
Step-by-step explanation: