We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
Answer:
What is the difference between entering a formula and entering data ??
Answer:
18,771 $
Step-by-step explanation:
there are 52.1429 weeks in one year with 40 hours of work each week and then 9 dollars made an hour this equals to 18,771 $
Answer:
It should be A
Step-by-step explanation:
multiply the - by 7/8 to get -7/8
First, you need to analize and understand the problem, then you must choose and strategy. There is a wide variety of strategies to solve a mathematical problem, in this case, you can use the following, which is based on the information given above:
1. You have that t<span>he sum of three consecutive even integers is </span>
<span>, therefore, you can given the variable </span>
<span> to the first integer, the second even integer is </span>
<span> and the third one is </span>
<span>.
2. Calculate x:
</span>
<span>
</span>
<span> </span>
<span>
</span>
<span>
</span>
<span>
Therefore, the answer is:</span>
