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1 answer:
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
Learn more about Compound Interest formula at:
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Answer:
x≤−6
Step-by-step explanation:
Let's solve your inequality step-by-step.
4(x−3)−7x≥6
Step 1: Simplify both sides of the inequality.
−3x−12≥6
Step 2: Add 12 to both sides.
−3x−12+12≥6+12
−3x≥18
Step 3: Divide both sides by -3.
−3x
−3
≥
18
−3
x≤−6
