Answer: $86.25
Step-by-step explanation:
For this problem, we are given p, r, t.
p=70 (starting amount)
r=0.11 (11%)
t=2 (years)
We can plug this into the equation B=p(1+r)^t
B=70(1+0.11)^2
B=86.247
Sam would have $86.25
Answer and Step-by-step explanation:
We are not given the function in question, but in order to explain, will form a function. Suppose f(x) = 3x + 2.
If f(x) = 17, then
3x + 2 = 17, to find the value of x, we have solve for x in the equation.
3x = 17 – 2
3x = 15
x = 5
This is the method that can be used to solve problems of this nature.
