The amount of the investment at the end of the 10 years period if compounded quarterly is $2,649.6.
<h3>Compound interest</h3>
- Principal, P = $1200
- Interest rate, r = 8% = 0.08
- Time, t = 10
- Number of period, n = 4
A = P(1 + r/n)^nt
= 1200(1 + 0.08/4)^(4×10)
= 1200(1 + 0.02)^40
= 1200(1.02)^40
= 1200(2.208)
= $2,649.6
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(If you are)- Solving The Equation
1. Multiply both sides by eight over three
8/3•1/2 = 8/3•3/8 which gives you 4/3.
2. Swap the sides of the equation
4/3=y turns into y= 4/3 and that’s your answer. (y=4/3).
(Or if you’re working on)- Rewrite In Standard Form
Swap 1/2 and 3/8y , so it should be 3/8y=1/2.
Then multiply both sides by 8/3, and that should give you y=4/3.
Then multiply both sides of the equation by 3, and that should give you 3y = 4. And 3y=4 would be your answer.
Hope these helped! :)
Answer:
Want the environment here?
Answer:
10 and 31/100
Step-by-step explanation:
Answer:
None
Step-by-step explanation:
Whenever both system of equations that are linear have the same slope, it will never meet therefore meaning there are no solutions.