Answer:
Do you have an image?
Step-by-step explanation:
Answer:
So, if it grows by 6.75%, each year the population is 106.75% of the year before.
After 1 year, 370,000(1.0675). After two years, 370,000(1.0675)(1.0675).
370,000(1.0675)12 = your answer
Step-by-step explanation:
Is that the Algebra work/practice book? If so, go into algebra nation and they have videos where they go step by step through the questions. Hope this helps?
Answer:
$5,674.30
Step-by-step explanation:
Use the Compound Amount formula:
A = P(1 + r/n)^(n*t), where r = APR as a decimal fraction = 0.1499
and n = 12 (compounded monthly).
Then A = $2,000(1 + 0.1499/12) )^(7*12)
= $2,000(1 + 0.0125)^84
= $2,000(1.0125)^84 = $2,000(2.837) = $5,674.30
