Answer:
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
Part 1)
substitute in the formula above
Part 2)
substitute in the formula above
Answer:
2.5
Step-by-step explanation:
5/2=2.5
Answer:
Below.
Step-by-step explanation:
7(x + 2) = 91
Distribute the 7 over the parentheses:
7x + 14 = 91
Subtract 14 from both sides of the equation:
7x = 91 - 14
7x = 77
x = 77/7 = 11.