Simplify ( 5 x 3-x+14)-(3 x 2-9 x + 4)= 5x3 - 3x2+8x+10
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
where
A = total amount in the account at the end of t years
r represents the interest rate
n represents the periodic interval at which it was compounded
p represents the principal or initial amount deposited
From the information given,
P = 11260
t = 6
r = 7.5/100 = 0.075
n = 52(Assuming the number of weeks in a year is 52 and it would be compounded 52 times in a year)
Thus, we have
A = 11260(1 + 0.075/52)^52*6
A = 11260(1 + 0.075/52)^312
A = 17653.5
2^10 is equal to 1024 (one thousand and twenty four)
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