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ANSWER
The correct answer is
EXPLANATION
The expression given to us is,
We plug in
. That means we substitute 12 wherever we see x to obtain,
We simplify the parenthesis first to obtain,
Hence the expression evaluates to
The correct answer is
EXPLANATION
The expression given to us is,
We plug in
We simplify the parenthesis first to obtain,
Hence the expression evaluates to
Answer:
4335.61
Step-by-step explanation:
Using the equation A = P (1 + r/n)^nt
lets fill in the variables,
P (principal) is 3500.00
r (rate) is .04375 - we do this in decimal form
n (number of times interest is doubled) here it is annually, could be monthly or daily too, but we are told annually, so we use 1
t (time) is 5 years
So: 3500(1+.04375/1) ^ 1(5)
pemdas
parenthesis first 1 +.04375/1 = 1.04375
exponents next 1 x 5 = 5
so now we have 3500 (1.04375) ^5
take 1.04375 to the power of 5 (pemdas) then multiplication
= 3500(1.2387465058) or
A = 4335.61
This is the same result as calculating simple interest for 5 years but each year calculating off the new Principal amount that includes interest.
3500 x .04375 = 153.125 or 3653.125 *(year one)
159.82 = 3812.95
166.82 = 3979.77
174.11 = 4153.88
181.73 = 4335.61
