Answer attached, but more letters needed
Answer: 0.000007638035
Step-by-step explanation:
We can use the formula for compound interest to solve this.
Now, the formula goes thus:
A = P ( 1 + r/n)^nt
Where A is the amount compounded, P is the initial amount I.e the principal, r is the rate in % , t is the time while n is the number of times the interest is compounded per time I.e how many times per year.
From the question, we get the following parameters, A = $1912.41 , P = ? , t = 15 years, r = 2.63% and n = 1 of course.
Now, we substitute these into the formula
1912.41 = P ( 1 + 2.63) ^ 15
1912.41 = P ( 3.63) ^ 15
1912.41 = P ( 250,379,850)
P = 1912.41 ÷ 250,379,850
P = 0.000007638035
Looks pretty funny an answer right?
Answer:
A= -1
Step-by-step explanation:
1/3
Y2-y1/x2-x1
9-3/25-7 substitute
6/18. Subtract
1/3. Simplify
He has saved about $162 for college.
If you have more questions about math... just ask me!
