Answer:
You have to use the formula for compound interest which is: A=P(1+r/n)^nt
The Givens info is:
A=?
P=1000
r= 6% = 0.06 (convert into decimal)
n=12(# of interest periods: since it is monthly n=12)
t=10
Now your formula should look like this:
A= 1000*(1+(0.06/12))^12*10
A=1000*(1.005)^120
A=1000*(1.819396734)
A=$1819.40
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
Given
5(x - 7) = 55, then using the distributive property, that is
a(b - c) = ab - ac, then
5x - 35 = 55
Answer:
E = $385
Step-by-step explanation:
35 x 11 = 385
