What is the compound interest on investing $600 for 3 years at 7% per annum?
1 answer:
You might be interested in
Answer:
y= -69/8 (negative 69 over 8)
Step-by-step explanation:
First, you have to simplify both sides of the equation:
Second, add 3/4 to both sides:
-2/3y +-3/4 + 3/4=5 +3/4
-2/3y= 23/4
Next, multiply both sides by 3/(-2) (3 over -2)
(3/-2)*(-2/3y)= (3/-2) * (23/4)
<em><u></u></em>
<em><u>y= -69/8</u></em>