So you basically plug in the x value beside the 5 so if your on number 3 the answer would be 5(3) which is 15
What interest rate would produce aninterest amount of $450 if you invest $4800 for 5.5 years?
1 answer:
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Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate =
effective rate = 5 ×
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity × .........1
future value = 300 ×
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100
Answer:
false
Step-by-step explanation:
Both of the matrices are 1 x 1 ("one by one"), so they can be added to produce a 1 x 1 matrix.
To add (or subtract) two matrices, they must be the same size.
(m x n) + (m x n) = (m x n)
m x n means a matrix has m rows and n columns. Dimensions are always named in that order: rows, then columns.