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anonymous

  • one year ago

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

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  1. calculusxy
    • one year ago
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    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 \[\large $4100 + 0.0725y = T\]

  2. calculusxy
    • one year ago
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    do you understand how i got that equation?

  3. anonymous
    • one year ago
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    yes I didn't divide the rate before thank you

  4. calculusxy
    • one year ago
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    no problem :)

  5. anonymous
    • one year ago
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    what would my answer be cause I got a crazy number

  6. calculusxy
    • one year ago
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    \[$4100 + 0.0725(8) = T\]

  7. calculusxy
    • one year ago
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    solve for t

  8. anonymous
    • one year ago
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    I cant believe I made that mistake XD tank you I got 4100.58

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