Answer:
$4956.23 approx
Step-by-step explanation:
Given data
P= $4860
R= 4%
T= 6 months = 0.5 years
Applying the compound interest formula we have
A=P(1+r)^t
Substitute
A=4860(1+0.04)^0.5
A= 4860(1.04)^0.5
A=4860*1.0198
A=4956.228
Hence the balance will be $4956.23 approx
This would equal (9+25)/2
Which could be simplified into 34/2
Which means the answer is 17
If you are looking to write an inequality equation that models this situation, then the answer would be:
. The "at most" signals to use the less than or equal to sign.
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