Hello!
Recall that:
is equal to . Therefore:
There is also an exponent of '6' outside. According to exponential properties, when an exponent is within an exponent, you multiply them together. Therefore:
The answer is $1,809.00.
Explanation:
To calculate interest rate, you must multiply the decimal version of the percentage by the original number. 7.25% as a decimal is equivalent to 0.0725, so multiplying that by 1,200 = 87. Now we must multiply that by 7 to find the amount after 7 years. The product is 609, or $609. Now we add that amount to the original number (1,200). The sum is 1809, $1,809. Therefore, your total balance after 7 years is $1,809.
Hope I helped and good luck!
H=Hayden's toys
M=Micheal's<span> toys
M=2h +3</span>