A) After any given year the amount of money would be: [(1000*.04)x]+1000
and x stands for the number of years.
B) The interest is 4%.
C) There would be $3,480.00 after 4 years.
Multiply 3.3 by everything in the parenthesis.
3.3x - 26.4 - x = 1.2
Combine like terms.
2.3x - 26.4 = 1.2
Add 26.4 to both sides.
2.3x = 27.6
Divide 2.3 on both sides.
x = 12
Hope this helps!
Answer:
I am not sure but i think the midpoint is 4.5 and 6
Answer:
$5,875
Step-by-step explanation:
Interest = Principal x Time x Interest Rate
Interest = $5000 x 3.5 x 0.05
Interest = $875
Total Balance will be
$5000 + $875
= $5,875
in 3.5 years
