Add the two values being multiplied by m
37.26 + 2.7 = 39.96
39.96 m + 0.0015 is the most simplified you can get without having a way of finding the value of m. I apologize if I am mistaken, but I'm fairly certain! :)
I think the answer would be D. Hope this helps!
3/7 is 0.42857142857 in decimal form. Rounded to the thousands its 0.429
Answer:
10%
Step-by-step explanation:
$7881.18
Step-by-step explanation:
Let the initial Investment be
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here
is the interest rate, i.e
, and t is the number of time periods, i.e
= 


∴ Initial Investment = $7881.18