He can only go as low as $500
Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount P, the yearly rate r, the number of compounds per year n.
step 2. A = P(1 + r/n)^(nt)
step 3. A = 1600(1 + .03/12)^((12)(5)
step 4. A = 1600(1.0025)^(60)
step 5. A = $1858.59
8+5n-6
8+5(6)-6
8+30-6
38-6
32
32 is the answer.
I hope this helps!
~kaikers
Answer: 4.500
Step-by-step explanation:
4x - 18 = 2 • (2x - 9)
2 = 0
2x-9 = 0
2x = 9
x = 9/2 = 4.500