Answer:The correct answer is 2/3x + 17
Step-by-step explanation:
Answer:
$8,355.555
Step-by-step explanation:
Hello,
This question relates to compound interest and to solve it, we'll need to use the right formula.
C.P = P(1 + r/n)^nt
C.P = compound interest
P = principal
R = rate
N = number of times compounded
T = time
C.P = $47,000
P = ?
R = 5% = 0.05
N = 4
T = 35 years
Substituting the variables into the equation,
47,000 = P (1 + 0.05 / 4) ^ (4 × 35)
47,000 = P (1.0125) ^ 140
47,000 = P × 5.625
Divide both sides by 5.625 and solve for P
P = 47,000 / 5.625
P = $8,355.555
The initial investment was $8,355.555
Answer:
Step-by-step explanation:
You can't simplify 23/67 into a whole number since it is less than one, but you can change it into a decimal by dividing the two numbers.
