X - 4 <-4+ what’s the answer?
1 answer:
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The value would be 829.89.
The formula we use is
,
where A is the total amount, p is the principal, r is the rate expressed as a decimal number, n is the number of times per year the interest is compounded, and t is the number of years.
We will use 800 for p; 5.25/100 = 0.0525 for r; 365 for n; and (255/365) for t (since it is not a full year):
The formula we use is
where A is the total amount, p is the principal, r is the rate expressed as a decimal number, n is the number of times per year the interest is compounded, and t is the number of years.
We will use 800 for p; 5.25/100 = 0.0525 for r; 365 for n; and (255/365) for t (since it is not a full year):
For this case we have the following equation:
If we multiply both sides of the equation by 3 we get:
---> Multiplication Property of Equality
Applying the distributive property we have:
---> Distributive Property
Adding 1 on both sides of equality we have:
---> Addition Property of Equality
Subtracting on both sides we have:
---> Subtraction Property of Equality
Finally, dividing by -4 on both sides we have:
---> Division Property of Equality