Answer:
A = 20,000(1.05)^x
Step-by-step explanation:
To get the approximate value of the house after x years, we will use the compound interest formula
A = P(1+r)^n
P is the principal = $20,000 (cost of house)
r is the rate = 5% = 0.05
x is the time
Substitute into the expressio
A = 20,000(1+0.05)^x
A = 20,000(1.05)^x
Hence the required expression is A = 20,000(1.05)^x
Answer:
1,200
Step-by-step explanation:
because you take 60% and make it .60 and multiply it by 2,000 and you get 1,200
x+7
——— is the simplified version
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