Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
There is no picture, wondering your asking to be explained :)
Hi
609.9 ⇒ 85%
x ⇒ 100%
85x = 100·(609.9)
85x = 60,990
x = (60,990)/85
x = 717.5294117... ≈ 717.53
85% of 717.53 ⇒ 0.85 × 717.53 = 609.9005 ≈ 609.9
Answer: 717.53
<span>An equation that is satisfied for every value of the variable for which both sides are defined is called an identity.
For example:
Given the equation
3x + 4 = x + 2(x + 2)
Notice that for any value of x you use, the equation is true.
Thus, this type of equation is called an identity.
</span>
Answer:
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Step-by-step explanation:
Set A
