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.
320 because you added the two numbers to get the total.
Answer:
? i need a better explanation for ur questoin
Step-by-step explanation:
Answer:
55/4
Explanation:
Let's solve your equation step-by-step.
4
/5x−8=3
Step 1: Add 8 to both sides.
4
/5x−8+8=3+8
4
/5
x = 11
Step 2: Multiply both sides by 5/4.
(
5
/4
)*(
4
/5
x)=(
5
/4
)*(11)
x= 55/4
Answer:
x=
55
/4
Hope that helps :)
