Using compound interest, it is found that:
a) A(8) = 2389.66
b) t = 31.15
c) P = 1870.85
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- The APR is of 2.25%, hence
.
- No information about the number of compounding per year, hence
.
Item a:
, hence:



Item b:
, hence:







Item c:
, hence:




A similar problem is given at brainly.com/question/24850750
Answer:heya
Step-by-step explanation:
it is in the form... a raise to the power n / a raise to the power m = a raise to the power n-m..........
so 9 raise to the power 2/9 raise to the power 7= 9 raise to the power(2-7)
=9 raise to the power -5
=1/9 raise to the power 5
hope it helps
You would have to do 18x2 then 14x2.
Answer:
Answer is 268435456
Step-by-step explanation:
use an = a × ^r n-1 to find the sequence
Answer:
Step-by-step explanation:
Multiply both sides by p to get:
xp = mn
Now divide both sides by n to get:
xp/n = m