Kari is saving up money to buy a bicycle for her brother for his 12th birthday she already has $70 saved in her bank account and
1 answer:
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Answer:
$15,539.67
Step-by-step explanation:
Compound Interest Formula
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $11,000
- r = 5.8% = 0.058
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:
Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.
I am unsure about the very last problem but I can help with the first two
1) (y+1)+4
If we combine the numbers 1 and 4, we get +5 and can isolate the numbers from the variable.
This would give us
2) (6*r)*7
remember that we do not have to explicitly state 6*r
Instead, we can write it as 6r
this helps us get rid of the parentheses
now we can write it as
I hope this helps!:)
1) (y+1)+4
If we combine the numbers 1 and 4, we get +5 and can isolate the numbers from the variable.
This would give us
2) (6*r)*7
remember that we do not have to explicitly state 6*r
Instead, we can write it as 6r
this helps us get rid of the parentheses
now we can write it as
I hope this helps!:)