Answer:
$1,519
Step-by-step explanation:
Given that :
Balance = principal = $520
Time (t) = 6 years
Annual. Interest rate (r) = 18% = 0.18
Using the compound interest formula:
A = P(1 + r/n)^nt
n = number of times interest is applied per period ; A = final amount
Since interest is compounded monthly, n = 12
A = 520(1 + 0.18/12)^(12 * 6)
A = 520(1 + 0.015)^72
A = 520(1.015)^72
A = 520(2.9211579)
A = 1519.0021
Hence, final amount = $1519
When you're looking to simplfy a number, the best thing to do is to list all of the factors of that number;
21- 1,3,7
8- 1,2,4,8
The only common factor between these is one, and this is what they're currently in, therefore, it cannot be simplified.
Hope this helps :)
<span>Hello : let
A(-3,7) B(3,3)
the slope is : (YB - YA)/(XB -XA)
(3-7)/(3+3) = -2/3
an equation is : y=ax+b a is a slope</span>
y = (-2/3)x +b
the line through point B (3,3) :
3 = (-2/3)(3)+b<span>
<span>b =5
the equation is : y =(-2/3)x+5</span></span>
So, since the student makes $30 each week, we can disregard the number of hours.
So, we can model this situation by the following equation
9.5h+30
So, if he works 10.25 hrs (15 minutes = .25 of 1 hr) we just plug that number in
Since it's money we round to the nearest cent
So he will make $127.28 Next week
