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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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GenaCL600 [577]

Hey there!!

How do you find slopes?

Ans - In order to find slope, we will need to use the slop formula which is

( y₂ - y₁ ) / ( x₂ - x₁ )

Now let's take two points on the graph

I would take the coordinates ( -2 , 4 ) and ( 4 ,1 )

Now plug in the values

y₂ = 1 , y₁ = 4 and x₂ = 4 , x₁ = -2

( 1 - 4 ) / ( 4 + 2 )

- 3 / 6

Hence the slope is -3/6 or -1/2 or -0.5

Hope my answer helps!!

8 0
3 years ago
Find the slope of the line.
Otrada [13]

Answer:

2/3

Step-by-step explanation:

The slope of the line can be calculated by dividing the vertical distance (rise) by the horizontal distance (run) between the two points.

The first point has coordinates (-1,0), and the second point has coordinates (2,2).

The rise is 2-0=2, and the run is 2-(-1)=3. Therefore, the slope is 2/3.

4 0
2 years ago
What is the quotient of -8a^8b^-2/ 10a^-4b^-10 in simplified form?
postnew [5]

Here are a few rules with exponents that you need to know:

  1. Dividing exponents of the same base: \frac{x^m}{x^n}=x^{m-n}

For this, divide:

\frac{-8a^8b^{-2}}{10a^{-4}b^{-10}}=\frac{-8}{10}a^{8-(-4)}b^{-2-(-10)}=-\frac{4}{5}a^{12}b^8

<u>Your final answer is -\frac{4}{5}a^{12}b^8</u>

7 0
3 years ago
Read 2 more answers
carla and mikela went to the county fair and saw pumpkin on scales. carlas pumpkim weighed 9 pounds.carlas pumpkin weighed 7 pou
blagie [28]

Answer:

The combined weight of the pumpkin is 25 pounds.

Step-by-step explanation:

If Carla's pumpkin weighs 9 pounds and her pumpkin weighs 7 pounds less than Mikela's pumpkin, then you would add 7 to carlas pumpkin and that would equal 16. then, you would add 16 and 9 together to get the combined weight of the pumpkin.

5 0
4 years ago
Determine the volume of the three-dimensional<br> figure.
Finger [1]

Answer:

288 cubic inch

Step-by-step explanation:

Top and bottom bases are trapezoid of same dimensions and height is 4 in.

Therefore,

volume   \\ = area \: of \: trapezoid \times height \\  =   \{\frac{1}{2} (16 + 8) \times 6 \}  \times 4 \\  = 24 \times 6 \times 2 \\  = 48 \times 6 \\  = 288 \:  {in}^{3}  \\

8 0
4 years ago
Read 2 more answers
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