<span>In 3 years, you will have $8,103.38
Formula:
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<span>A = P (1 + r/n)<span> ^(nt)</span></span>
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Answer:
r = -39
Step-by-step explanation:
So we are trying to solve the equation for r.
-6(2r + 8) = -10(r - 3)
Divide both sides by -2. (This will make distributing much easier.)
3(2r + 8) = 5(r - 3)
Distribute the 3 on the left side and the 5 on the right side,
6r + 24 = 5r - 15
Subtract 24 from both sides.
6r = 5r - 39
Subtract 5r from both sides.
r = -39
So now we have solve the equation.
I hope you find my answer and explanation to be helpful. Happy studying. :)
A. First, divide 1675 by 100 to find 1% of it.
1675 / 100 = 16.75
Then, multiply 16.75 by 4.6 to get 4.6%.
16.75 x 4.6 = 77.05
77.05 is the interest for one year.
Multiply it by 4 to get the interest for 4 years.
77.05 x 4 = 308.20
The interest earned is $308.20.
B. Add the interest to the original balance to get the total.
308.20 + 1675 = 1983.20
The balance of the account is $1983.20 after 4 years.
Hope this help!
The only number equal to zero is zero.
Answer: a = 0
