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Bond [772]
2 years ago
15

Use the periodic compound interest formula to solve.

Mathematics
1 answer:
77julia77 [94]2 years ago
3 0

Answer:

$15,539.67

Step-by-step explanation:

Compound Interest Formula

\large \text{$ \sf A=P\left(1+\frac{r}{n}\right)^{nt} $}

where:

  • A = final amount
  • P = principal amount
  • r = interest rate (in decimal form)
  • n = number of times interest applied per time period
  • t = number of time periods elapsed

Given:

  • P = $11,000
  • r = 5.8% = 0.058
  • n = 4 (quarterly)
  • t = 6 years

Substitute the given values into the formula and solve for A:

\implies \sf A=11000\left(1+\frac{0.058}{4}\right)^{(4 \times 6)}

\implies \sf A=11000(1.0145)^{24}

\implies \sf A=15539.67451...

Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.

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Umnica [9.8K]

Answer:

  1. (-6, 10)
  2. (-10, 9)
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  4. (-5, 1)

Step-by-step explanation:

<em>(x,y) → (x-8, y+4)</em>

1. (2, 6)

(2-8, 6+4)

<u>(-</u><u>6, 10)</u>

2. (-2, 5)

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3. (-3, -10)

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<u>(-11, -6)</u>

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4. (3, -3)

(3-8, -3+4)

<u>(-5, 1)</u>

<u> </u>still not in the choices nanii but <u>(5, -14)</u> is the only choice left and also the closest, and even if u use calculator the correct answer is still (-5, 1). sigh, I hope this helper at least

5 0
3 years ago
In a cinema, there are eight seats in a row. Four of the seats in one row are occupied. What fraction of seats are available in
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Answer:

<h2>\frac{1}{2}</h2>

Step-by-step explanation:

Given,

There are 8 seats in a row.

There are 8 seats in a row.4 seats are occupied.

Available seats = 8 - 4 = 4 seats

Fraction of seats available:

\frac{number \: of \: seats \: available}{total \: number \: of \: seats}

=  \frac{4}{8}

Reduce the fraction with GCF 4

=  \frac{1}{2}

Hope this helps..

Best regards!!

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3 0
3 years ago
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Alexxandr [17]
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Let's take a look at x/25 ratio, which has to be equal 6/5.

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3 years ago
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