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Effectus [21]
2 years ago
14

Please help me with this question

Mathematics
1 answer:
Rainbow [258]2 years ago
5 0

The amount in the account after the given time if compounded semiannually to the nearest cent is $1104.2

<h3>Compound interest </h3>

Interest is any amount added on a sum of money over a period of time. The formula for calculating the compound interest is:

A = P(1+r/n)^nt

Given

Principal = $1000

rate r = 5% = 0.05

time = 3years

n = 2 (semi annually)

Substitute the given parameters

A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2

Hence the amount in the account after the given time if compounded semianually to the nearest cent is $1104.20

Learn more on compound interest here: brainly.com/question/24924853

#SPJ1

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Natali5045456 [20]
Again, In this question too you need to substitute the given variable values into the original expressions. Here, "x" is given as a value of "12" and the variable of "y" is given as as value of "2". A single variable of "x" in the numerator is given in the expression. On the denominator the variable of "y" with a value of "2" is multiplied by a numbered value of "3". So, now showing this by the help of LaTeX.

\mathbf{Since, \: x = 12, \: y = 2}

\mathbf{\therefore \quad \dfrac{12}{3 \times 2}}

\mathbf{\therefore \quad \dfrac{12}{6}}

\mathbf{2}

\boxed{\mathbf{\underline{\therefore \quad Final \: \: Answer \: \: is: \: B) \: 2}}}

Hope it helps.
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