Step-by-step explanation:
First you need to get x on one side by subtracting it from either side
Second step the side you subtracted the x to you need to get rid of the number like the number 5
Third step you need to separate the number and x since they are being multiplied to be put together you need to do the opposite and divide on both sides
Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.

Upon substituting our given values in compound interest formula we will get,





Therefore, an amount of $57,369 will be in the account after 4 years.
Its B! Plz give me brainlist :)
To answer the problem above, I assume that the interest is compounded. Having said that, the equation for the future worth (F) of the present investment (P) is,
F = P x (1 + i)^n
where i is interest rate and n is the number of years. Substituting,
F = ($15,000) x (1 + 0.07)^3 = $18,375.645
Thus, the answer to the question is approximately $18,375.65.