Answer:
4,218.75
Step-by-step explanation:
Lets say that P is your starting principal (spelled -pal and not -ple, because Your Money is Your Pal), r is the interest rate (expressed as a decimal), and Y is the number of years you invest. Then your future value will be:
P (1 + rY) (Simple Interest)
P (1 + r)Y (Annually Compounded Interest)
Note the two formulas give the same answer for one year. After that, compound interest takes off.
Answer:
396.8
Step-by-step explanation:
Multiply them to each other.
0 represents having no money, Kyle starts off the day with +53.76 at the end of the day he has -15.23
Y = 2x - 8 is perpendicular to 6x+12y=24 and passes through (4,0)
