Answer:
1) future value = present value x [1 + (i x n)] = $300 x [1 + (3.5% x 4)] = $342
2) using the compound interest formula:
future value = $225 x (1 + 4.1%)¹°⁵ = $238.98
Using the simple interest formula doesn't yield the same answer = $225 x [1 + (4.1% x 1.5)] = $238.84. In this case it is close due to a very short period of time and low interest rate.
3) future value = present value x (1 + i)ⁿ = $1,700 x (1 + 6%)⁴ = $2,146.21
since the interest is annual, we must convert 48 months to 4 years
B 6.44 because 6.4 is equal to 6.40 and in between 6.40 and 6.60 there is 6.44.
Answer:
Step-by-step explanation:
x=-1-2y
-2-4y-3y-12=0
-7y=14
y=-2
x=3
Answer:
I got 25z^2−15z+2
Step-by-step explanation:
But if the answer shown is the correct answer, I think your computer read wrong, because those answers are the exact same :/
Answer:
(1,1) and (-2,-11) are the correct solutions
