Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
I'm not sure if you use "x" as your variable, so:
# + 5 = 3 or x + 5 = 3
Answer:
the answer is 95
Step-by-step explanation:
you divide 90 by 36 to get 2.5 then times that by 38
Answer:
1109
Step-by-step explanation:
The first term is -27, and the common difference is 16.
The nth term is:
a = a₁ + d (n − 1)
a = -27 + 16 (n − 1)
a = -27 + 16n − 16
a = 16n − 43
The 72nd term is:
a = 16(72) − 43
a = 1109
