Y = 500(1 + r)^x; where r is the rate and x is the number of years.
500(1 + r)^2 = 551.25
(1 + r)^2 = 551.25/500 = 1.1025
1 + r = sqrt(1.1025) = 1.05

Therefore, the equation that represents y, the value of the item after x years is
y = 500(1.05)^x

7 0

4 years ago

The following information is known about a loan. Time = 8 years Interest rate = 14% Principal = $1,010 What is the total amount

nadya68 [22]

❤ Hey There!! ❤

The answer is below!!

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Step-by-step explanation:

$1010$ x $14$ ÷ $100$ x $8$ = $ $1131.2$ $or$ $1,131.20

P.S Tell me if this is wrong...

$GoodLuck!!$

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7 0

3 years ago

Read 2 more answers

For which distributions is the median the best measure of center?

frutty [35]

Answer:

Step-by-step explanation:

6 0

3 years ago

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Rectangle JKLM is similar to rectangle WXYZ . What is the scale factor of a dilation from JKLM to WXYZ ? Enter your answer in th

Ierofanga [76]

The answer is 1.5 because I just took the test.

4 0

3 years ago

Read 2 more answers