20,000(1+.05/2)^2×7=
Mathematics · Middle School · Thu Feb 04 2021
Answered on
Given the equation:
20,000(1+.05/2)^2×7
Solve the equation:
In order to solve the given equation, we will follow the rules of PEMDAS. PEMDAS means that we need to start with the parenthesis, exponent, multiplication, division, addition, and subtraction. In our case we start first with the parenthesis by simplifying the values, then we multiply the exponent of 2 with 7.
= 20,000(1+.05/2)^2×7
= 20,000(1.025)^14
= 20,000(1.412973821))
= 28,259.48
Final answer:
= 28,259.48