Answer:
4.94x10^13
Step-by-step explanation:
You have to move the decimal 13 times to the right and the number you get or it to be in scientific notation has to be in between 1 and something less than 10.
You probably don't need this answer anymore, sorry!
Compound interest formula
P = the principal (the initial amount)
r= annual
interest rate (
expressed
as a decimal)
expressed
as a decimal)
annual
interest rate (
expressed
as a decimal)
n=
number of
interest periods
per year
(see the
table below
for more information)
t=
number of years
P is invested
A=amount after t
years
If investment interest rate is
compounded monthly
, then n = 12
If investment interest rate is
compounded quarterly
, then n = 4
If investment interest rate is
compounded semi-annually
, then n = 2
If investment interest rate is
compounded annually
, then n = 1
Answer:
Future value, A = $4740.39
Step-by-step explanation:
Given the following data;
Principal = $2700
Interest rate = 5.25% = 5.25/100 = 0.0525
Time = 11 years
Number of times, n = 1
To find the future value, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;

Future value, A = $4740.39
Alright, we're dealing with a few values here, so let's give them some labels to save us some trouble down the road. We'll call the number of messages sent by Maria <em>m</em>, the number sent by Bill <em>b</em> and the number sent by Change (is that a real name?) <em>c</em>. We don't know exactly what each number is, but let's take a look at what information they do give us.
Change sent 2 times as many messages as Bill, or, using our variable for Change and Bill:

We're also given that Maria sent 7 messages more than Bill, which we can represent with:

Notice that <em>m</em> and <em>c</em> are both in terms of <em>b</em>. We can use this for our next step. We're given at the beginning that together, Maria, Bill, and Change sent 71 messages over the weekend. As an equation using all of our variables, this translates to:

Since <em>m </em>and <em>c </em>are both in terms of <em>b</em>, we can substitute those expressions in and solve for <em>b</em>:

Now that know that Bill sent 16 texts, we can find the numbers for Change and Maria:

So,
Bill sent 16 texts, Maria sent 23, and Change sent 32.