Answer:
Original Value= $361.21
Step-by-step explanation:
Giving the following information:
The value of the savings bond increases by 3% each year. One year after it was purchased, the value of the savings bond was $515.
<u>To calculate the original value of the bond, we need to use the following formula:</u>
OV= PV/(1+i)^n
OV= original value
PV= present value
i= increase rate
n= number of months
OV= 515 / (1,03^12)
OV= $361.21
-5/12
Let's solve your equation step-by-step.
1 /3 = n + 3 /4
Step 1: Flip the equation.
n + 3 /4 = 1/ 3
Step 2: Subtract 3/4 from both sides.
n+ 3 /4 − 3/4 = 1/ 3 − 3 /4
n= −5 /12
Comp
84
69
Supp
166
71
