The formula you want is: fv=p(1+int/c)^(nc)
future value
principal
int
compound
years
Answer:
28
Step-by-step explanation:
1) subtract 12 from both sides
2) divide by negative 1
You start by distributing: 8s-4=7s+12
Combine like terms: 8s-7s=12+4
Solve and get your answer: s=16
Just find out 5% of 59.95, then just add that to 59.95. 2.99 is 5% of 59.95, 2.99+59.95=62.94
