Answer:
Future Value= $5,886.13
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $5,425
Number of periods (n)= 1 year
Interest rate (i)= 8.5% = 0.085
<u>To calculate the future value after one year, we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 5,425*(1.085^1)
FV= $5,886.13
26 < 54
26 is less than 54
Answer:
A = P(1+r÷100)^n
where A is amount after some days
r is the rate
n is the number of years
p is the principle (the amount of money before the interest)
A = 5000 ( 1 + 12÷100)^5
A = 8811.70
A = 8812
Steps
8x−7y=−5
Add 7y to both sides
8x−7y+7y=−5+7y
Simplify
8x=−5+7y
Divide both sides by 8
8x
8 =−
5
8 +
7y
8
Simplify
x=
−5+7y
8
Hello! The answer to your question would be as followed:
<u><em>4.98 x 10^5 </em></u>
