The answer is 10/36 or 27.77%
here’s the working out
Answer:
Step-by-step explanation:
The equation A = d(1.005)^12t modelling the value of Daniel’s investment shows a monthly compounded interest. This means that the interest is compounded 12 times in a year.
We can confirm by inputting the given values
t = 8 years
d = 509
Therefore,
A = 500(1.005)12 × 8
A = 500(1.005)^96
A = $807.07
Therefore, the true statements are
Increases
Exponential
Never Decrease
Let's solve for d.
fd=(7)(1.06)d
Step 1: Add -7.42d to both sides.
df+−7.42d=7.42d+−7.42d
df−7.42d=0
Step 2: Factor out variable d.
d(f−7.42)=0
Step 3: Divide both sides by f-7.42.
d(f−7.42)f−7.42=0f−7.42
d=0f−7.42
Answer:
d=0f−7.42
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Answer:
B: $13.75
Step-by-step explanation:
5.5% of $250 = $13.75
Therefore, the simple interest is $13.75.
An equivalent fraction is a fraction formed by multiplying the numerator and the denominator of a fraction by a common number.
