Answer:
ngl, he does have a decent amount of subs for a beginner
Step-by-step explanation:
I would if I was allowed to
Answer:
your rate cost would be approximately $10.02
Answer:
20 1/2
Step-by-step explanation:
its 20 and a half because 16+20=36 and you just need to add a half to 20 since your taking it away
Answer:
1. constant: 2
2. you can use slope intercept
3. 4 pounds equal 40 cents
4. because it is linear
Step-by-step explanation:
Given:
Initial investment 450
annual simple interest rate of 5%
Simple interest = Principal * interest rate * term
Simple interest = 450 x 0.05 x 14
Simple Interest = 315
Balance after 14 years: 450 + 315 = $765
We can use compounding interest, compounded once a year.
Total balance = Principal * (1 + interest rate / number of compounding)^(# compounding * term)
Total balance = 450 * (1.05)¹⁴
Total balance = 450 * 1.98
Total balance = 891
Based on these scenarios, the formula that will be used is the second formula, compounding interest formula. The balance at the beginning of year 15 is $891.
I used 14 as the number of years because the problem states at the beginning of year 15. This means 15 has not yet begun and interest is not yet earned.