Can anyone help me with jest ions 3 and 4
2 answers:
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Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, lets change 2.6% into a decimal:
2.6% -> -> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
Answer: last option.
Step-by-step explanation:
To apply the Distributive property, remember that:
Then, applying this, you get:
Combine like terms means that you need to add the like terms.
Therefore, you get:
You can observe that the expression obtained matches with the expression provided in the last option.
Answer:
2, 240
Step-by-step explanation:
In the table, the values should be
Year 1 725
Year 2 579
Year 3 696
Since Year 4 sold 112% of the previous 3 years combined, we add 725+579+696=2000. We can find 112% by writing a proportion.
We solve through cross multiplication of numerator and denominator of the opposite fraction.