Answer:
1/30 or 3.333%
Step-by-step explanation:
Answer:
x = 13 , y = 29
Step-by-step explanation:
If you have any questions about the way I solved it, don't hesitate to ask!
The answer is 23 because I know this answer.
Use this equation: Amount after years=Initial investment*(1+Interest rate/time compounded yearly)^number of years*times compounded yearly
So A=25,000(1+.095/1)^8*1
Simplify
A=25000(1.095)^8
Simplify
A=25000(2.07)
Solve
A=$51,671.73
This equation can be used for all problems of this type.