Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
Answer:
1/4
Step-by-step explanation:
Answer:
12y
Step-by-step explanation:
Y=1 because no matter the x value y will be 1
Answer:
391,660.6
Step-by-step explanation:
First we need to do what is in the parentheses. 56/23 equals 2.4. 4234 + 2.4 is 4236.4... 4236.4 times 94 is 398,221.6... Now 9 to the fourth power is 6561. x + 6561 is 398,221.6 so x equals 391,660.6... I hope this helps and please make me the brainliest. Thanks!
