anonymous
  • anonymous
you invest 4100 in an account that pays an interest rate of 7.25% calc the balance after eight years i got 43218.24 but i also have been gettin them all wrong please help me
Mathematics
schrodinger
  • schrodinger
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calculusxy
  • calculusxy
1. convert the percent of 7.25 to decimal (so you divide 7.25 by 100 = 0.0725) 2. now set up this equation T = total $ y = years \[\large $4100 + 0.0725y = T\]
calculusxy
  • calculusxy
do you understand how i got that equation?
anonymous
  • anonymous
yes I didn't divide the rate before thank you

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calculusxy
  • calculusxy
no problem :)
anonymous
  • anonymous
what would my answer be cause I got a crazy number
calculusxy
  • calculusxy
\[$4100 + 0.0725(8) = T\]
calculusxy
  • calculusxy
solve for t
anonymous
  • anonymous
I cant believe I made that mistake XD tank you I got 4100.58

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