help!!!!! Friends from Galilea gave him a skydiving class for his birthday. Her helicopter took off from the skydiving center at
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Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, lets change 2.6% into a decimal:
2.6% -> -> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
1) Let's evaluate that expression, given that a=4.9, b=-7, and c=-0.5
Note that we have rewritten it as a fraction so that we can easily operate. Also, we have applied here the PEMDAS order of operations, prioritizing the exponents.