Answer:
The value of the acount after t years is of
The annual growth rate is of 0.72%.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
$650 is invested in an account earning 8.6% interest (APR), compounded monthly.
This means that . So
The value of the acount after t years is of
Annual growth rate
1.0072 - 1 = 0.0072 = 0.72%
The annual growth rate is of 0.72%.
It would be 11.21 percent, hope it helps.
Expression (non-algebraic): 3+2
An equation: 2x +1 = 21
An inequality: 2x > 2+2
What we know:
(Also, )
What we need to solve:
(This is equal to )
How you have to subtract with to get:
Thus, the answer would be: