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Minchanka [31]
2 years ago
10

Trevor is saving for a down payment to buy a house. The account earns 11.2% interest compounded monthly, and he wants to have $1

4,000 in 7 years.
What must his principal be? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your answer.
Mathematics
1 answer:
Anna71 [15]2 years ago
7 0

$1271.22

Step-by-step explanation:

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The value of x in the given equation [ √( 1 + (25/144) ) = 1 + (x/12) ] is 5.

<h3>What is an Equation?</h3>

An equation is simply a mathematical formula that expresses the equality of two expressions, using the equals sign as a connection between them.

Given that;

  • √( 1 + (25/144) ) = 1 + (x/12)
  • Find the value of x.

First, we square both sides

√( 1 + (25/144) ) = 1 + (x/12)

(√( 1 + (25/144) ))² = (1 + (x/12))²

1 + (25/144) = 1 + ( x²/144)

Collect like terms

1 - 1 + (25/144) = ( x²/144)

25/144 = x²/144

We cross multiply

25 × 144 = x² × 144

Multiply each sides by 1/144

x² = 25

x = √25

x = 5

Therefore, the value of x in the given equation [ √( 1 + (25/144) ) = 1 + (x/12) ] is 5.

Learn more about equations here: brainly.com/question/14686792

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