Find the value of 7!?
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The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901
The amount of money gained after an investment is compounded is given by:
Where P is principal, A is the final amount, r is the rate, n is the number of times compounded per period and t is the time
Given that P = $1689, t = 4, r = 3% = 0.03, n = 1, hence:
The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901
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Answer:
y =
Step-by-step explanation:
Given
5x - 8y = 11 ( subtract 5x from both sides )
- 8y = 11 - 5x ( multiply through by - 1 )
8y = - 11 + 5x = 5x - 11 ( divide both sides by 8 )
y =