Which statement is correct?
1 answer:
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Answer:
$9450
Step-by-step explanation:
We will use compound interest formula:
Where
F is future amount [what we want to figure out]
P is present amount [9000]
r is rate of interest [since we want for 6 months, the annual interest divided by 2 is r. So r = 10/2 = 5% or 0.05]
t is the time [ the time period is for 6 months so t = 1 since we already converted the interest rate to 6 month chunk]
Putting in formula, we get:
Answer:
Step-by-step explanation:
To solve this exercise you need to remember the following properties:
1. The Distributive property states that:
2. The Addition property of Equality statest that:
If , then
3. The Subtraction property of Equality statest that:
If , then
4. The Division property of Equality statest that:
If , then
5. The Multiplication property of Equality statest that:
If , then
Given the equation:
You must solve for "g" in order to find its value:
- Apply the Distributive property:
- Apply the Addition property of Equality adding 30 to both sides of the equation:
- Apply the Division property of Equality dividing both sides by 2: