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vlada-n [284]
1 year ago
13

If a person lnvests $120 at 8% annual interest, find the approximate value of the investment at the end of 5 years

Mathematics
1 answer:
Pie1 year ago
6 0

Answer:

$176.3193692 or $176.32 (rounded to two decimal places)

Step-by-step explanation:

It is a compound interest, which means the interest accumulates on an initial amount each period.

The formula is A=P(1+R)^n

A= the total amount P=initial amount      R=rate   n=time (years)

P=$120   Rate= 8% or 0.08 (decimal)  n=5 (years)

A=120 (1+0.08)^2

A=120 (1.469328077)

A= 176.3193692

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Answer:

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Step-by-step explanation:

1 quarter + 1 dime

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5 0
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Find the following limit or state that it does not exist. ModifyingBelow lim With x right arrow minus 2 StartFraction 3 (2 x min
leva [86]

Answer:

-60

Step-by-step explanation:

The objective is to state whether or not the following limit exists

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First, we simplify the expression in the numerator of the fraction.

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Now, we obtain

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and the fraction is transformed into

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Therefore, the following limit is

       \lim_{x \to -2}  \frac{3(2x-1)^2 - 75}{x+2} = \lim_{x \to -2}  12(x-3) = 12 \lim_{x \to -2} (x-3)

You can plug in -2 in the equation, hence

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Step-by-step explanation:

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