What is the value of x?
1 answer:
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Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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Answer:
a21 = -61
Step-by-step explanation:
(subtract to eliminate a₁)
9 = -3d
d = -3
-19 = a₁ + (6)(-3)
-1 = a
a21 = -1 + (21 - 1)(-3)
= -61