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3 years ago

5

At the beginning of year 1, Matilda invests $450 at an annual simple interest rate of 5%. She makes no deposits to or withdrawal

s from the account. Which explicit formula can be used to find the account's balance at the beginning of year 15? What is the balance?

1 answer:

Finger [1]3 years ago

8 0

Answer:

$765

Step-by-step explanation:

$interest \: = \frac{prt}{100} \\ = \frac{(450)(5)(14)}{100} \\ = 315 \\ total \: money \: = 315 + 450 \\ = 765$

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Apply the distributive property:

$\mathsf{3x = 4(x-6)}$

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$\mathsf{3x + 24 = 4x - 24 + 24}$

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$\mathsf{3x - 3x + 24 = 4x - 3x}$

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<h3><u>Answer</u>. The value of x = 24.</h3>

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3 years ago

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2 years ago

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horrorfan [7]

Answer:

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