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rusak2 [61]
2 years ago
12

ANSWER QUICK FOR A. AND B. !

Mathematics
1 answer:
sladkih [1.3K]2 years ago
7 0

Answer: a=4

b=1600x

Step-by-step explanation:

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8. $700 at 8% for 6 years.

it could mean 
1. compound interest
2. simple interest. 

1. Compound Interest

that means that each year it gives you 8% on that whatever new thing so
8 %= 0.08
Each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so 6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times
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2. Simple Interest
 
So just 8% of that 700 is added on 
find 8% of 700
8% of 700+0.08 times 700=0.56
6 years = 0.56 times 6 =3.36
add 3.36 + 700= 703.36

Answers are 
if compound interest = $1110.81
If Simple interest = 703.36
 
I hope this helped 

~Renee \(^_^)/

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What is the length of a segment with endpoints at (-2, 5) and (4, 5)?
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Given that formula
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