Answer:
c 95
Step-by-step explanation:
Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Answer
b 32
c 50
Step-by-step explanation:
Answer:
3x^2+15x-1=0
Step-by-step explanation:
4/(3x+15)=4x
4=12x^2+60x
12x^2+60x-4=0
3x^2+15x-1=0
Please solve after that, I cannot do everything for you
g(7-h) +3
Now g = 5 and h=2, So lets plug the values
5(7-2) +3
= 5(5) +3
= 25 + 3
= 28