Y=5/2 should be the answer
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The value of 7 in that number is 7 because the 7 is in the ones place
The equation used for this problem is
F = P(1+i)ⁿ
where
F is the future worth
P is the present worth
i is the effective interest rate
n is the number of years
Substituting the values,
F = <span>$8,000(1 + 0.03)</span>⁴
F = $9,004.07
Thus, after 4 years, Aaron will have $9,004.07.
Answer:
x = 40
Step-by-step explanation:
5= 1/5x -3
Add 3 to each side
5+3= 1/5x -3+3
8 = 1/5x
Multiply by 5 to isolate x
5*8 = 1/5x *5
40 =x
