Answer:
352.05
Step-by-step explanation:
I don't know how to interpret the equation you wrote and so I just used annuities
I have attached my work below
Which of the equations below is not a Linear Equation?
1 answer:
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The answer is $1,059.34
Explanation:
The formula for compound interest is
I = P(1+
Where I = interest, P = principal (original deposit), r = interest rate, n = number of times compounded per year, and t = time, in years.
Using this formula, we can substitute the information from the question for the their corresponding variables.
Now, after filling in the information, your formula should look like this
I = 816(1+
*The reason that the rate is 0.029 instead of 2.9 is that 2.9 is a percent, and we need a decimal. To convert it, you just need to divide the percent by 100.
Now, all we need to do is solve the equation using order of operations (PEMDAS).
I will divide the 0.029 by 365 first.
I = 816(1+0.00008
**This is not the exact decimal. It would be too difficult to write entirely, but I will be using the true decimal in my calculations.
Next, we have to add 1 to the decimal.
I = 816(1.00008
Now, I will multiply 365 and 9 together.
I = 816(1.00008
Next, we must raise the number within the parenthesis to the power of 3285.
I = 816(1.3)
***Again, this is not the actual decimal. The real one will be used in the calculation, though, like before.
Finally, we have to multiply the decimal by the principal, 816.
I = $1,059.34
Explanation:
The formula for compound interest is
I = P(1+
Where I = interest, P = principal (original deposit), r = interest rate, n = number of times compounded per year, and t = time, in years.
Using this formula, we can substitute the information from the question for the their corresponding variables.
Now, after filling in the information, your formula should look like this
I = 816(1+
*The reason that the rate is 0.029 instead of 2.9 is that 2.9 is a percent, and we need a decimal. To convert it, you just need to divide the percent by 100.
Now, all we need to do is solve the equation using order of operations (PEMDAS).
I will divide the 0.029 by 365 first.
I = 816(1+0.00008
**This is not the exact decimal. It would be too difficult to write entirely, but I will be using the true decimal in my calculations.
Next, we have to add 1 to the decimal.
I = 816(1.00008
Now, I will multiply 365 and 9 together.
I = 816(1.00008
Next, we must raise the number within the parenthesis to the power of 3285.
I = 816(1.3)
***Again, this is not the actual decimal. The real one will be used in the calculation, though, like before.
Finally, we have to multiply the decimal by the principal, 816.
I = $1,059.34
In order for the inverse to exist, the matrix cannot be singular, so we need to first examine the conditions for existence of the inverse.
Compute the determinant. The easiest way might be a cofactor expansion along either the first row or third column; I'll do the first.
The matrix is then singular whenever
.
With this in mind, compute the inverse.
Compute the determinant. The easiest way might be a cofactor expansion along either the first row or third column; I'll do the first.
The matrix is then singular whenever
With this in mind, compute the inverse.