Okay the first time nobody came, but please come now. I want steps. This must be written in scientific notation. Thanks! Do 17 a
nd 18 or 19 and 20. Your choice! Just 2 of them. One division and multiplication.
1 answer:
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
Find out more on Compound interest at: brainly.com/question/24924853