Compound interest formula:
Amount = starting value x ( 1+ interest rate/compounds per year)^(compound per year x number of years)
Amount = 12,000,000 x (1+ 0.10/1)^(1x5)
Amount = 19,326,120.00
Answer:
Step-by-step explanation:
A linear equation in two variables doesn't involve any power higher than one for either variable. It has the general form Ax + By + C = 0, where A, B and C are constants. ... A quadratic equation, on the other hand, involves one of the variables raised to the second power. It has the general form y = ax2 + bx + c
In algebra, symbols are used to represent numbers. Example: 5x=20 or 4x=24