Predict the number of chocolate chips in nine pancakes
1 answer:
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Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
if you don't have a Unit Circle yet, this is a good time to get one, you can find many online, check maybe in yahoo images, or google images.
Check the picture below.
notice the section encircled in purple.
