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The money in the Felix's account will be $6798 when he is 21.
<u>Step-by-step explanation:</u>
It is given that,
- The amount deposited is $2000.
- The account earns 6% compound interest.
- It is compounded annually for 21 years.
<u>To find the money in Felix's account after 21 years :</u>
The formula used here is,
⇒
where A is the amount after 21 years.
- P is the initial amount deposited ⇒ P = 2000
- r is the rate ⇒ r = 0.06
- n is the number of times interest is compounded per year⇒ n = 1
- t is the time period ⇒ t = 21
⇒
⇒
⇒
⇒
Therefore, The money in the Felix's account will be $6798 when he is 21.
Answer:
1.
- Degree: 2
- Number of terms: 3
2.
- Degree: 3
- Number of terms: 2
3.
- Degree: 4
- Number of terms: 2
Step-by-step explanation:
For this exercise you need to remember the multiplication of signs:
1. Given:
Apply the Distributive property:
Add the like terms:
You can idenfity that:
- Degree: 2
- Number of terms: 3
2. Given:
Add the like terms:
You can idenfity that:
- Degree: 3
- Number of terms: 2
3. Given:
Apply Distributive property:
Add the like terms:
You can idenfity that:
- Degree: 4
- Number of terms: 2