What I would do is break up into part. First do 10*10*10 which is 1,000. Then add 56 and 50 which is 106. after you do that and get 1,106 divded it by 25 which is 42.54. Hope I helped.
Your answer is c
Hope this helps :)
Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
$200 - 20% savings equals $160 total price
Tax is 6.5%
160X.065 = $10.40 for tax