Answer:
Option (A)
Step-by-step explanation:
Te given equation is,
-qx + p = r
Toe find the value of x,
By subtracting p from both the sides of the equation.
-qx + p - q = r - q
-qx = r - q
By dividing the whole equation by (-q),
x =
x =
Therefore, Option (A) will be the answer.
Answer:
P = $300
r = 0.15
n = 12
$544.61 (to the nearest cent)
$524.70 (to the nearest cent)
Step-by-step explanation:
P = principal amount = $300
r = annual interest rate in decimal form = 15% = 15/100 = 0.15
n = number of times interest is compounded per unit t = 12
<u>How much she'll owe in 4 years</u>
P = 300
r = 0.15
n = 12
t = 4
= $544.61 (to the nearest cent)
<u>Yearly compounding interest rate</u>
<u>How much she'll owe in 4 years at yearly compounding interest</u>
= $524.70 (to the nearest cent)