The "compound amount" formula is A = P(1+r/n)^(nt),
where P=original investment, r=interest rate as a decimal fraction; n=number of compounding periods, and t=number of years.
Then A = $12000 * (1+0.08/2)^(2*11)
= $12000(1.04)^(22) = $28,439.03 (answer)
Answer:
y = 
Step-by-step explanation:
Given
x(y + 2) = 3x + y ← distribute parenthesis on left side
xy + 2x = 3x + y ( subtract 2x from both sides )
xy = x + y ( subtract y from both sides )
xy - y = x ← factor out y from each term on the left side )
y(x - 1) = x ← divide both sides by (x - 1)
y = 
Answer: The Answer is 1/2.
Step-by-step explanation: You divide both numbers by 7 to get 4/8. Then you divide that down to 2/4, and then you divide that down to 1/2.