Answer: is a=p(1add7)by
A=8pnt,
Step-by-step explanation:
Answer: -8/4
Step-by-step explanation:
Y = 500(1 + r)^x; where r is the rate and x is the number of years.
500(1 + r)^2 = 551.25
(1 + r)^2 = 551.25/500 = 1.1025
1 + r = sqrt(1.1025) = 1.05
Therefore, the equation that represents y, the value of the item after x years is
y = 500(1.05)^x
$4.47 is the required cost.
