Write the phrase as an expression. Five more that six divided by a number r.
2 answers:
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Answer:
$24,580.12
Step-by-step explanation:
Lets use the compound interest formula to solve:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
First, change 14.8% into a decimal:
14.8% -> -> 0.148
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
Now subtract that number from our original amount invested:
<u>The dollars earned in interest is $24,580.12</u>
Y) Recorder 
and 
X)Solve for
by simplifying both sides of the equation, then isolate the variable
Z)Take the root of both sides and solve.
X)Solve for
Z)Take the root of both sides and solve.