Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
Answer:
x= 0
Step-by-step explanation:
Here in this question, we are given a linear equation of single variable x, and we have to solve the equation for x.
The given equation is 9x -7= -7 ....... (1)
Now, taking all the constant terms to the right side of the equation and all the x terms to the left side of the equation.
Hence, the equation becomes
9x = -7 +7
⇒ 9x =0 {Since, -7 and 7 cancels each other}
⇒ x= 0/9= 0 (Answer) {Since zero divided by any number is equal to zero}
4 is not a factor because it does not multiply with anything to make forty except 10.5 but it can't be a decimal
