If the present value of my investment is $8,000 and the rate of interest is 12% compounded annually, what will the value be after 7 years?

$17,685.45

Step-by-step explanation:

We will use the compound interest formula to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

The first step is to change 12% into a decimal:

12% -> -> 0.12

Next, lets plug in the values:

After 7 years, you will have $17,685.45

29 is the correct answer

step-by-step explanation:

x = 2

step-by-step explanation:

if sr parallel to ba then the sides bc and ac are in proportion, that is

= ← substitute values

= ( cross- multiply )

27x = 6(4x + 1)

27x = 24x + 6 ( subtract 24x from both sides )

3x = 6 ( divide both sides by 3 )

x = 2