Answer:
Interest= $423.59
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $6,000
Number of periods (n)= 3 years
Interest rate (i)= 2.3% = 0.023
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 6,000*(1.023^3)
FV= $6,423.59
<u>Now, the interest earned:</u>
<u />
Interest= 6,423.59 - 6,000
Interest= $423.59
A. Good luck with your exam
Answer:
-4
Step-by-step explanation:
3x-2(6-x)=7x+2(5+x)-6
First, distribute.
3x+ −12+ 2x = 7x + 10 + 2x −6
Combine like terms on each side.
5x − 12= 9x + 4
To solve for x, pick a side to solve. I will solve the right x.
5x - 12 = 9x + 4
-5x -5x
-12 = 4x + 4
Subtract 4 to isolate the variable.
-16 = 4x
Divide 4.
-4 = x