Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
34
Step-by-step explanation:
Answer:
8 centimeters
Step-by-step explanation:
10 millimeters = 1 centimeter
80÷x=y 10=x
80÷10=8 8=y
Answer:
10 1/12
Step-by-step explanation:
In order to subtract fractions, you have to give them a common denominator.
18 1/2 can be rewritten as 18 6/12, as they are the same thing and 6/12 simplifies to 1/2. We make it 6/12 because we have to subtract it by 8 5/12, and the denominators are both 12.
So now we have 18 6/12 - 8 5/12, which gives us 10 1/12.