how much money did they start off with?
Answer:
25000076
Step-by-step explanation:
Hope this helps! :)
6x-6=8x
subtract 6x from both sides
-6=2x
divide both sides by 2
x= -3
Answer:
the 15 year olds do
Step-by-step explanation:
Answer:
Step-by-step explanation:
For this case we can use the formula for the future value with compound interest given by:
(1)
For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.
r represent the rate =0.026
t = 6 represent the number of years
P = 3200 represent the amount invested at the begin
If we apply the formula (1) we got:
So then the balance after 6 years would be approximately 50995 with the conditions provided.