Your answer is 13.44 and rounded to the whole is still going to be 13
Answer:
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
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.
$12000 cash
This means that
Compounded at 4% interest annually.
This means that
What equation will calculate the value in x years?
Answer:
p = 2
Step-by-step explanation:
p + 4/p - 4
multiplying through by p,
p×p + 4/p ×p - 4×p
p² + 4 - 4p = 0
p² - 4p + 4 = 0
factorizing,
p(p - 2) -2(p - 2) =0
(p -2)(p -2) =0
p-2 =0
p=2
Answer: 8 Units
btw have a good day :)