The standard compound interest formula is
Future value after x years with an annual interest of i
=Present Value (1+i)^x [which is an exponential function]
for given present value of $360. interest=0.03 (3%) and a total of x years, above equation reduces to
Future value after x years
=360(1.03^x)
Answer:
4 5/12
Step-by-step explanation:
Rewriting our equation with parts separated
Solving the whole number parts
Solving the fraction parts
Find the LCD of 1/4 and 5/6 and rewrite to solve with the equivalent fractions.
LCD = 12
Combining the whole and fraction parts
9/14 stays the same
2/7 turns into 4/14
1/ into 7/14
all of them added is 20/14
simplified is 1 3/7
Yes D is the correct option !
if you want to know how , comment, or you are good to go !
The answer is y=207 hope this helps
