Answer: $4,331
Step-by-step explanation:
I will assume that the question meant 5.2% not 52% as this is quite excessive.
Katherine after 13 years.
Convert the variables;
n = 13 years = 13 * 365 = 4,745 days
r = 5.2% = 5.2/365 = 5.2/365%
Future value = P * ( 1 + r)^n
= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵
= $169,068
Michael after 13 years;
If compounded continuously, the formula is;
Future value = Pe^rt
= 86,000 * e⁰.⁰⁵ ˣ ¹³
= $164,737
Difference = 169,068 - 164,737
= $4,331
Answer:
Hope I helped! Brainleist!
Step-by-step explanation:
you get $12/week
and you have $
your equation is
y=12x
now...
y = 384
so
384=12x
x= 32
Answer:
x=6
Step-by-step explanation:
7x =42
7 7
x=6
Divide 7 on both sides
