To solve such questions we need to know more about expression.
<h2 /><h2>Expression </h2>In mathematics, an expression is defined as a set of numbers, variables, and mathematical operations that are formed according to rules which are dependent on the context.
<h2 /><h2 /><h2>Given to us,</h2>rearranging we get,
we know that,
therefore,
taking and
as common
=
Further simplifying
Learn more about the expression:
Answer:
(a)His monthly Interest Rate=0.8%
(b)Annual Interest Rate = 9.6%
(c)
Step-by-step explanation:
For a Principal P invested at a yearly rate r, compounded m times in t years
Amount at Compound Interest=
Comparing with Jerry's equation y=388 (1.008)
(a)His monthly Interest Rate= 0.008=0.8%
(b)Annual Interest Rate= Monthly Interest Rate X 12 =0.8 X 12 = 9.6%
(c)If I invest $500 at the same rate of return,
Total Money after m months
=