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2 years ago

13

3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 25 years, to t

he nearest cent?

1 answer:

avanturin [10]2 years ago

6 0

=3400(1+0.0825/1)^1*25
=3400(1.0825)^25
=3400(7.2560058)
=24670.41

Hope this helps!!!

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Answer:

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Step-by-step explanation:

The question below is

Will the towns tax status change within the next 3 years ?

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$y=a(b)^{t}$

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substitute

$y=9,400(0.857)^{t}$

Remember that

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$9,400(0.857)^{t}< 6,000$

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$(0.857)^{t}< 6,000/9,400$

Apply log both sides

$(t)log(0.857)< log(6,000/9,400)$

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$0.067t > 0.1950$

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so

After 2.9 years the town's tax status will change

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Step-by-step explanation:

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If it takes yards and turns it into feet then it just multiplies it by 3

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2 years ago

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