Answer:
9x+1
Step-by-step explanation:
Let's simplify step-by-step.
1+9x
Answer:
=9x+1
Given
Present investment, P = 3400
APR, r = 0.0115
compounding time = 13 years
Future amount, A
A. compounded annually
n=13*1=13
i=r=0.0114
A=P(1+i)^n
=3400*(1+0.0115)^13
=3944.895
B. compounded quarterly
n=13*4=52
i=r/4=0.0115/4
A=P(1+i)^n
=3400*(1+0.0115/4)^52
=3947.415
Therefore, by compounding quarterly, he will get, at the end of 13 years investment, an additional amount of
3947.415-3944.895
=$2.52 (to the nearest cent)
what i don't understand why you think
Answer:
7 is in the tens place
.8 is in the tenths place
Step-by-step explanation:
Rounded:
75
Answer:
10(1+g)
Step-by-step explanation:
10+10g=10(1+g)
