The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
To learn more about future value, please check: brainly.com/question/18760477
The answer is 1/6. To solve, simply set up an equation. It will be x/6. As you know, x can stand for anything. 1 will be the reasonable number for variable, x. Why? Well since x=1x. You don't actually write "1" Hope this makes your understanding clear.
Answer:
The average rate of change is 8.
Step-by-step explanation:
The formula to calculate the average rate of change of a function F(x) is:
In this case, F(x) = 
a=2 and b=4
You have to evaluate x=2 (which is a in the formula) and x=4 (which is b in the formula) in the function.
In order to obtain F(b) and F(a) you have to replace x=4 and x=2 in the given function:
F(b) = 
F(a) = 
The answer is 8.
