Congratulations! You won a free grill in sweepstakes! You know that you can fit a rectangular grill in your truck that has a wid
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Answer:
$14,048.62
Step-by-step explanation:
The interest is 9% per year and compounded 3 times a year, so each compound will be 9%/3 = 3%
The time elapsed will be 15 years and the interest compounded 3 times a year, so the number of compounds happens will be = 15 years* 3 compounds/year= 45x compound.
So basically the money will get 3% interest 45 times. To put into the compounding interest formula, the final account balance will be:
A = P (1 + [ r / n ]) ^ nt
A= amount of the balance after a period of t
P= principal, the initial money deposit( $3,715)
r= rate(9%)
n= number of compound per unit of time(3 times per year)
t= time(15 years)
The calculation will be:
A = P (1 + [ r / n ]) ^ nt
A =
A = $14,048.62
Answer:
Step-by-step explanation:
Applying BODMAS here;
We first solve what is in the brackets:
9x - 81 -3 = -8x - 16
We then put the like terms together:
9x + 8x = -16 + 81 + 3
We then do the addition:
17x = -16 + 84
We then do the subtraction:
17x = 68
Simplifying this gives:
x = = 4