P((1+r)^2)^3
combine the exponents
P(1+r)^6
what kind of q is it? you shouldn't be responsible for multiplying that out.
P((1 + r)^2)^3
To simplify this expression would I distribute first or square the parentheses and tehn cube the numbers in the parenthesis?
3 answers
Cd Rollover. Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over three times, its value was P((1 + r)^2)^3. Which law of exponents can be used to simplify the expression. Simplify it.
P[(1+r)^6] should be right - and the simplified form; the concept is that each return on the P dollars is calculated by (1+r) increased to another power.
1 answer