The basic equation for interest is the investment amount(x) times the time in years(y) times the percent of interest(z).
That makes the equation:
x·y·z= amount with interest.
Lets plug in the numbers:
$900 x 1.5 x 2.4%
Now turn the percent into a decimal:
2.4% ----> .024
Now the equation is:
$900 x 1.5 x .024
Now do the math:
$900 x 1.5 = 1350
1350 x .024 = 32.4
1350 + 32.4 = 1382.4
The final answer is $1382.40
Hope this helps!
The formula to calculate the amount is 1200(1+0.03/4)^5
Answer:
2 1/8
Step-by-step explanation:
-7/4 is equal to -14/8
14/8 plus 3/8 is 17/8
17/8 = 2 1/8
An exponential graph because it has an exponent in it (x^2
Answer:14^2-21
Step-by-step explanation:
