Given:
Interest = 4,275
interest rate = 2.5%
term = 18 years
Principal = ?
Interest = Principal * interest rate * term
4,275 = P * 2.5% * 18
4,275/ (2.5% * 18) = P
4,275 / 0.45 = P
9,500 = P
Your mom deposited 9,500 when you were born.
Hi
9k^2 + 24k + 16
= ( 3k + 4)(3k + 4)
Good luck
1 7/8 because 15/8 =1 7/8
-JennaClaire
This is a case of exponential growth. The appropriate equation, with the given data inserted, is P(t) = 500 ( 1+0.15)^50
or = 500 (1.15)^50
Evaluate this on your calculator.
