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slava [35]
3 years ago
5

Compound interest Plz help!!!

Mathematics
1 answer:
liraira [26]3 years ago
8 0

Answer:

a) A(t) = 17500(1.0053)^{12t}

b) The balance after 8 years will be of $29,069.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

a)

Loan of $17,500 means that P = 17500

6.4% interest rate means that r = 0.064

Compounded monthly means that n = 12. So

A(t) = P(1 + \frac{r}{n})^{nt}

A(t) = 17500(1 + \frac{0.064}{12})^{12t}

A(t) = 17500(1.0053)^{12t}

b)

This is A(8). Then

A(8) = 17500(1.0053)^{12*8} = 29069

The balance after 8 years will be of $29,069.

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aivan3 [116]

Answer:

- 9

Step-by-step explanation:

Substitute x = - 3 into the expression

(- 3)² - 2(- 3) - 24

= 9 + 6 - 24

= 15 - 24

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3 0
3 years ago
Noah wants to save $700 in 10 months. He thinks he can earn $11 interest. Why is it reasonable that he should save $69 a month?
konstantin123 [22]
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3 years ago
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What is the solution of square root 1-3x = x+3
hram777 [196]

Answer:

Step-by-step explanation:

I hope the given equation is :

First step to solve this equation to remove square root from the left side. So, take square on each sides of the equation. Therefore,

1 - 3x = (x + 3)²

1 - 3x = (x + 3)*(x + 3) Since a² = a * a

1 - 3x = x² + 3x + 3x + 3² By multiplication.

1 - 3x = x² + 6x + 9 Combine the like terms.

x² + 6x + 9 - 1 + 3x = 0 Subtract 1 and add 3x from each sides of equation

x² + 9x + 8 = 0 Combine the like terms.

Next step is to factor the trinomial to solve the above equation for x.

For that break downn the constant 8 into two multiples so that the addition of the multiples will result the coefficient of x = 9.

So, 8 = 1 * 8

Addition of 1 and 8 will give 9. So, next step is to replace 9x with 1x + 8x. So,

x² + 1x + 8x + 8 = 0

(x² + 1x) + (8x + 8) = 0 Group the terms.

x ( x + 1) + 8 (x + 1 ) = 0 Take out the common factor from each group.

(x +1 ) ( x + 8 ) = 0 Take out the common factor (x + 1).

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Hence, x = -1 and - 8.

Next step is to plug in -1 and -8 in the original equation to cross check the solutions.

For x = -1,

Simplify each sides separately.

2 = 2

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Similarly let's plug in x = -8 now. So,

Simplify each sides separately.

5 = 2

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Therefore, the only solution is x = -1.

Hence, the correct choice is C.

Hope this helps you!

5 0
4 years ago
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Answer:

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3 0
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B.B.ghdedfggggnmngffdgbh
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40x² + 12x²y²
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4 years ago
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