Answer:
Interest earned = $32.835
Step-by-step explanation:
Given the following data;
Principal = $275
Number of times = 0.5
Interest rate = 2.9% = 0.029
Time = 4 years
To find the interest earned, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;
A = $307.835
Interest earned = 307.835 - 275
Interest earned = $32.835
9514 1404 393
Answer:
$2838.14
Step-by-step explanation:
Fill in the values and do the arithmetic.
A = 2000e^(0.07·5)
A = 2000e^0.35 ≈ 2838.14
The value of the investment in 5 years will be $2838.14.
So I have the same Prb I did 45 and I did incorrect so what I know. 45 it’s incorrect
The associative law states that it doesn't matter how we group numbers when we add and/or multiply. So we could rearrange the brackets and parentheses to get the equivalent equation:
9m(6+n)
Both equations total:
54m+9mn
(I applied the distributive property to solve it).