Answer:
$70,201.38
Step-by-step explanation:
To determine the principal amount, we can use the formula:
A = $200,000
r = 7% or 0.07
t = 15 years
n = 12
Now let's substitute our values.
So the principal needed to get 200,000 in 15 years is $70,201.38.
Answer:
B
Step-by-step explanation:
In order to get the same denominator, we need to multiply the second fraction by (b+2) in the numerator and denominator.
We will end up in something like this :
I just timed the second fraction by b+ 2 and then i added them together.
Therefore, we will get
now factoring the numerator we will end like this
we will then end up with the answer.
Hope this helps.
