I hope that works? i also tried to solved it and i got the same thing i just checked it and it said i got it right.
The answer is number 3, an=9.5+2(n-1)
It doesn't give any answers? I think the first one is 14 the second one is -4 and the third one is 10
Answer:
He will have $276.10 available towards the down payment for his motorcycle
Step-by-step explanation:
The compound interest formula is given by:
Where A is the amount of money, 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 unit t and t is the time the money is invested or borrowed for.
In this problem, we have that:
Compounded quarterly, so n = 12/4 = 3.
We have to find A.
He will have $276.10 available towards the down payment for his motorcycle