A=7,500×(1+0.06÷4)^(4×2)
A=8,448.69
Interest earned=8,448.69−7,500
Interest earned=948.69
Answer: your
Pages per hour: 42
Hours per page: 1/42 of a hour
Step-by-step explanation:
14 x 3 = 42
1 hour divided by 42 pages = 1/42 of an hour per page
Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
if y=367
then you need to figure out this:
367=5x+287
so remove 287 from 367
367-287=80
Then divide by 5
80/5=16
so, x=16