Combine like terms to solve equations

answer:

x = -198

step-by-step explanation:

the screenshot below will explain the answer : )

Principal amount = P = $500
Time = t = 14 years
Interest rate = r = 8.25% = 0.0825
Amount accumulated = A

Using the formula of compound interest:



Substituting the values, we get:



Thus the amount accumulated after 14 years will be $1587.01. Compared to the original amount of $500, this amount is tripled.