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sanchezp0821
04.08.2019 •
Mathematics
Leyroy opened a savings account 25 years ago with a deposit of 3080.43 the account has and inerest rate of 3.7 compounded monthly how much interest have leroy erned
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Ответ:
Procedure:
The formula for compounded interest is:
Future value = investment * factor
Interests = future value - investment
Where r is the monthly rate, which you calculate as the % yearly rate divided by 12.
And n is the number of months which is equal to the number of years times 12.
These are the calculations:
Future value = 3080.43 *2.518 = 7,757.39
Interests = 7,757.39 - 3080.43 = 4,676.96
Ответ:
1/8s=44 or s=352
Step-by-step explanation:
0.75s-5/8s=44
0.75=3/4 which also equals 6/8.
6/8s-5/8s=44
Combine like terms
1/8s=44
s=352