Answer:
$1445.11
Step-by-step explanation:
The formula to use would be:
Where
F is the future amount (what we want to find)
P is the present (principal) amount (this is 400)
r is the rate of interest, monthly (1.8% or 0.018)
t is the time in months (6 years = 6 * 12 = 72)
Now substituting, we get:
After 6 years, the CD will be worth $1445.11
Answer:
Step-by-step explanation:
Isolate the term of n from one side of the equation.
<h3>n-1/8=3/8</h3><u>First, add by 1/8 from both sides.</u>
n-1/8+1/8=3/8+1/8
<u>Solve.</u>
<u>Add the numbers from left to right.</u>
3/8+1/8=4/8
<u>Common factor of 4.</u>
4/4=1
8/4=2
<u>Rewrite as a fraction.</u>
=1/2
n=1/2
<u>Divide is another option.</u>
1/2=0.5
n=1/2=0.5
I hope this helps you! Let me know if my answer is wrong or not.