The initial amount of the money is £11,000 and the interest is 3.9% per year for first 3 years and then 4.5% after that. If Dan invests it for 7 years, that means the interest would be 3 years of 3.9% and 4 years of 4.5%.
The calculation would be:
total money= initial amount * interestrate1 * interest 2
total money= £11000 *(100%+3.9%)^3<span>*(100%+4.5%)^4
</span>total money= £11000 *(103.9%)^3 * (104.5%)^4
total money= £11000 * <span>1.121622319 </span>* 1.1925186
total money= £14,713.11
Answer:
X = -5
Step-by-step explanation:
Answer:
1/12/2121 precent
Step-by-step explanation:
Answer:
x=−32/5
Step-by-step explanation:
Step 1: Simplify both sides of the equation.
1/2(1/4x−3/5)=1/4(2/5+3/4x)
(1/2)(1/4x)+(1/2)(−3/5)=(1/4)(2/5)+(1/4)(3/4x)(Distribute)(1/2)(1/4x)+(1/2)(−3/5)=(1/4)(2/5)+(1/4)(3/4x)(Distribute)
1/8x+−3/10=1/10+3/16x
1/8x+−3/10=3/16x+1/10
Step 2: Subtract 3/16x from both sides.
1/8x+−3/10−3/16x=3/16x+1/10−3/16x
−1/16x+−3/10=1/10
Step 3: Add 3/10 to both sides.
−1/16x+−3/10+3/10=1/10+3/10
−1/16x=2/5
Step 4: Multiply both sides by 16/(-1).
(16/−1)*(−1/16x)=(16/−1)*(2/5)
x=−3/25
