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:
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Step-by-step explanation:
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Answer:
x = √47
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Equality Properties
<u>Trigonometry</u>
- [Right Triangles Only] Pythagorean Theorem: a² + b² = c²
Step-by-step explanation:
<u>Step 1: Define</u>
We have a right triangle. We can use PT to solve for the missing side length.
<u>Step 2: Identify Variables</u>
Leg <em>a</em> = 5
Leg <em>b </em>= <em>x</em>
Hypotenuse <em>c</em> = √72
<u>Step 3: Solve for </u><em><u>x</u></em>
- Substitute [PT]: 5² + x² = (√72)²
- Exponents: 25 + x² = 72
- Isolate <em>x</em> term: x² = 47
- Isolate <em>x</em>: x = √47
9 ft is the answer because a square has four sides, so 36 divided by 4 is 9