Solve the equation that represents: The difference of five times a number and 6 is -2.
1 answer:
You might be interested in
Answer:
$16,534.95
Step-by-step explanation:
To compute interest on loans, we use the compounded interest equation. We use the equation where
- P is the principle or starting value
- A is the total amount after interest and a period of time
- r is the rate at which interest gathers as a decimal
- t the time in years
- n is the number of times compounded in a year.
For this problem, we know P=$8000, r=19%=0.19, t=4 years and n=2. We substitute into the formula and simplify to find the total amount A.
