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brilliants [131]
2 years ago
12

How much money would a person have 8 years after they invested $2,000 into an account that has an annual interest rate of 3% tha

t compounds every other month?
Mathematics
1 answer:
madam [21]2 years ago
4 0

The amount of money the person would have in 8 years s $2541.74.

<h3>How much would the person have in 8 years? </h3>

The formula for calculating future value is:

FV = P (1 + r)^nm]

Where:

FV = Future value
  • P = Present value = $2000
  • R = interest rate = 3% / 12 = 0.25%
  • m = number of compounding = 12
  • N = number of years = 8 years

Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74

To learn more about future value, please check: brainly.com/question/18760477

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Answer:

the answer is D) X _> 3

Step-by-step explanation:

8 0
3 years ago
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The circle below has a center D and its diameter is 10 feet. Given that m angle A D B equals 35 degree, find the length of major
goldfiish [28.3K]

The length of major arc ACB with angle measure of 325° and diameter of 10 feet is (325/36)π

<h3>What is an equation?</h3>

An equation is an expression that shows the relationship between two or more numbers and variables.

angle of arc ACB = 360° - 35° = 325°

The length of major arc ACB = (325/360) * π * 10 = (325/36)π

The length of major arc ACB with angle measure of 325° and diameter of 10 feet is (325/36)π

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8 0
2 years ago
there are 15 rafts available for people to use on the adventure river ride. each raft holds 12 people. the park runs this ride 3
3241004551 [841]

540 people can ride the wild river in 1 hour if all of the rafts are used and each raft is full

<u>Solution:</u>

Given, There are 15 rafts available for people to use on the adventure river ride.  

Each raft holds 12 people.  

Then, total people capacity over all rafts = 15 x 12 = 180 people.

The park runs this ride 3 times each hour.  

We have to find how many people can ride the wild river in 1 hour if all of the rafts are used and each raft is full?

Then, <em>total people count who take ride = number of rides x number of people per ride </em>

= 3 x 180  = 540

Hence, 540 people can take ride in 1 hour.

6 0
3 years ago
An article which cost money 150 was sold at a loss of 5%.what was the selling price?
Hunter-Best [27]

Answer:

142.5

Step-by-step explanation:

150/x=100/95

95*150/100=

142.5

3 0
3 years ago
Help math pls due in 5 min
Advocard [28]
The correct answer would be A- as it shows the correct median of 25.5
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3 years ago
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