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Katena32 [7]
3 years ago
14

determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years

Mathematics
1 answer:
san4es73 [151]3 years ago
8 0
$830.41 is the answer xxxx
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What are the possible steps involved in solving the equation shown? Select three options. 3.5 + 1.2(6.3 – 7x) = 9.38 Add 3.5 and
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Answer:

1) Distribute 1.2 to 6.3 and -7x

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Step-by-step explanation:

3.5 + 1.2(6.3 - 7x) = 9.38

Distribute 1.2 to 6.3 and -7x

3.5 + 1.2* 6.3 - 1.2 * 7x = 9.38

        3.5 + 7.56 - 8.4x = 9.38

Combine 3.5 and 7.56

11.06 - 8.4x = 9.38

Subtract 11.06 from both sides

11.06 - 8.4x -11.06 = 9.38 - 11.06

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To find solution:

Divide both sides by (-8.4)

-8.4x/-8.4 = -1.68/-8.4

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