This problem is about componded interest. The formula for compounded interest is:
In this case, Initial = 300, r = 0.06 and t=10 so the total amount in the account after 10 years is:
The amount after 10 years is 573.26.
Answer:
81°
Step-by-step explanation:
Please refer to the attachment(s) for explanations
Answer:
$ 5674.076
Step-by-step explanation:
The question is on compound interest
The formulae = A= P(1+ r/n) ^nt .......where P is the principal amount, r is the rate of interest in decimal, n is number of compoundings per year and t is the total number of years.
Given; P= $4,000.00 , r=12/100=0.12, n=2 and t=3
Substituting values in the equation A= P(1+ r/n) ^nt
A= 4000 ( 1+0.12/2)^2×3
A=4000(1.06)^6
A=$ 5674.08
The answer should be 3, -1
(5x-3)/4 = x/3 +1
5x-3 = 4x/3 +4
5x - 4x/3 = 7
(11/3)x = 7
x = 7/(11/3) = 21/11
