Answer:
$2355.06
Step-by-step explanation:
Use the compound interest formula, filling in the numbers you know. Then solve for the number you don't know.
A = P(1 +r/n)^(nt)
where A is the account balance, P is the amount invested, r is the annual rate, n is the number of times per year interest is compounded, and t is the number of years.
Filling in the given values, we have ...
4000 = P(1 +.053/52)^(52·10) = P(1.6984738)
P = 4000/1.6984738 ≈ 2355.06
You would need to deposit $2355.06 in order to have $4000 in 10 years.
Answer:
Jordan made mistake in his first step while multiplying.
Step-by-step explanation:
Given expression of Jordan's work is
14(8+4x) = 6x-(5-11x)
In the first step, Jordan multiplied the numbers to remove the braces.
He multiplied 14(8+4x) wrong as 14*8 is 112 rather than 126and on the right hand side, he did not change the sign of 11x to positive as two negatives are positive when multiplied.
Hence,
Jordan made mistake in his first step while multiplying.
Answer:
0.75
Step-by-step explanation:
Since we use the base 10 decimal system, first convert 3/4 to out of 100:
3/4 = 75/100
We divide 75 by 100 to get 0.75
