5% interest compounded annually for 3 years multiplies the initial balance by
... 1.05^3 = 1.157625
5% simple interest for 3 years multiplies the initial balance by 1 + 3*0.05 = 1.15.
The difference of these multipliers is
... 1.157625 - 1.15 = 0.007625
If the difference in account balance is Rs 61.00, then the invested principal amount P is
... P*0.007625 = 61.00
,.. P = 61.00/0.007625 = 8000.00
The sum of money is Rs 8000.
Answer:
x = -2
x= -3
Step-by-step explanation:
x 2+5x+6=0
To solve the equation, factor x^2+5x+6 using formula x^2+(a+b)x+ab=(x+a)(x+b). To find a and b, set up a system to be solved.
a+b=5
ab=6
Since ab is positive, a and b have the same sign. Since a+b is positive, a and b are both positive. List all such integer pairs that give product 6.
1,6
2,3
Calculate the sum for each pair.
1+6=7
2+3=5
The solution is the pair that gives sum 5.
a=2
b=3
Rewrite factored expression (x+a)(x+b) using the obtained values.
(x+2)(x+3)
To find equation solutions, solve x+2=0 and x+3=0.
x=−2
x=−3
Answer:
so......... what's the question?
Step-by-step explanation:
Answer:
$7,126.12
Step-by-step explanation:
Final investment value
$7,126.12
Total interest earned
$1,126.12
Initial balance
$6,000.00
Total monthly deposits
$0.00
Effective Annual Rate (APY)
3.5%
compounded annually
