Answer:
$56,226
Step-by-step explanation:
x = investment
Earning interest of 3.57% is the equivalent of multiplying the initial balance (investment) by 1.0357;
Over 20 years, the new balance can be found by multiplying the initial balance by (1.0357)²⁰;
We can formulate an equation to solve to get the initial investment:
x(1.0357)²⁰ = 113400
(2.01687752)x = 113400
x = ¹¹³⁴⁰⁰/₍₂.₀₁₆...₎
x = 56225.5263 → 56226
The answer is 95%
This is something you should memorize. Specifically it is from the Empirical Rule (or 68-95-99.7 rule) which gives rough approximations of areas under the curve.
Answer:
The phrase is negative because you're moving backwards
Answer:
2
Step-by-step explanation:
<u>Step 1: Add the numbers together</u>
1 + 1
2
Answer: 2
