Answer:
D
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
6.60/6
= x/3
then u can cross multiply
Answer:
4^9+8 or 4^17
Step-by-step explanation:
<span> "At least 13 years" means more or equal 13,
so
x </span>≥ 13.<span>
</span>
What we know:
Acct. balance A (11)= $2,976.45
Pricipal=$1,963.45
Compounded (n)=quarterly (4)
rate=r
Compound interest formula: A (t)=p (1+r/n)^nt
What we need toi find:
If the interest compounds quarterly, what is the interest rate on the account? Find r.
A (t)=p (1+r/n)^nt
2976.45=1963.45 (1+r/4)^(4×11)
2976.45=1963.45 (1+r/4)^44
2976.45/1963.45=1963.45/1963.45 (1+r/4)^44
1.5159=(1+r/4)^44
(1.5159)^(1/44)=((1+r/4)^44)^(1/44)
1.0095=1+r/4
1.0095-1=1-1+r/4
.0095=r/4
.0095(4)=r/4 (4)
.038=r
Rate = 3.8%
