Three. For these questions, ignore the positive or negative sign.
Answer: The future value of the investment after 2 years is $807.8
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal or amount invested.
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 2 years
P = $700
R = 7.7%
Therefore
I = (700 × 7.7 × 2)/100
I = 10780/100
I = 107.8
The total amount in the account after 2 years would be
700 + 107.8 = $807.8
Answer:
56
Step-by-step explanation:
Isolate the variable (x). Note the equal sign, what you do to one side, you do to the other. Do the opposite of PEMDAS.
First, subtract 5 from both sides:
13 (-5) = (x/7) + 5 (-5)
13 - 5 = x/7
8 = x/7
Isolate the variable x. Multiply 7 to both sides:
8(7) = (x/7)(7)
8(7) = x
x = 8 * 7
x = 56
56 is your answer for x.
~
