Answer:
$2,459.21
Step-by-step explanation:
(see attached for reference)
recall that the formula for compound interest is:
A = P [ 1 + (r/n)^ (nt) ]
where,
A = Final amount ( we are asked to find this)
P = principal amount = given as $2,340
r = Annual Interest Rate = given as 5% = 0.05
n = number of times compounded in a year = 4 (compounded quarterly)
t= time = 1 year
Substituting the values into the equation,
A = P [ 1 + (r/n)^ (nt) ]
A = 2,340 [ 1 + (0.05/4)^ (4·1) ]
A = $2,459.21
Answer:
a) Add 4 to both sides, and then divide by 2. The solution is .
Step-by-step explanation:
Question:
Which of the following describes the correct process for solving the equation 2x − 4 = 20 and arrives at the correct solution?
a) Add 4 to both sides, and then divide by 2. The solution is x = 12.
b) Divide both sides by −4, and then subtract 2. The solution is x = −7.
c) Subtract 4 from both sides, and then divide by 2. The solution is x = −12.
d) Multiply both sides by −4, and then divide by 2. The solution is x = −40.
Solution:
Given equation:
We need to determine the steps in order to solve for .
Solving for .
Step 1: Adding 4 both sides.
Step 2: Dividing both sides by 2.
∴
Thus, we added 4 both sides and then divided both sides by 2 to get solution = 12