Let, the number of month = m
Equation would be: 4800 - 400m = 2000
In order to solve for number of months,
400m = 4800 - 2000
400m = 2800
m = 2800 / 400
m = 7
So, after 7 months, account balance will be $2000
Hope this helps!
Do a proportion. 41/100= 83/x. Now cross multiply and divide. 83 x 100= 8300 , 8300 divided by 41= 202.439 (I would just round it to nearest tenth). Answer is 202.4
Answer:
the answer is C or 18x + 18y
Answer:
-1-1.6n
Step-by-step explanation:
5+3.2n-6-4.8n
add like terms
-1-1.6n
The interest rate will be equal to 24% in 2 years.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
Given that:-
- Find the interest rate if $32 increased to $50 in 2 years.
The interest rate will be calculated by using the following formula:-
1.56 = ( 1 + r )²
√1.56 = ( 1 + r )
r = 1.24 - 1
r = 0.24
r = 24%
Therefore interest rate will be equal to 24% in 2 years.
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