3 years ago

Can anyone help me making sure if my answers is right. Thanks

Mathematics

1 answer:

dsp733 years ago

6 0

Number 12 is wrong, 13 is right, and I can't read number 1. Number 12 could be 3/6 or 5/6.

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On Melissa's 6th birthday, she gets a $2000 CD that earns 7% interest compounded quarterly. If the CD matures on her 13th birthd

Alexandra [31]

Answer:

$A\simeq3250.83$

Step-by-step explanation:

The amount formula in compound interest is:

$A=P(1+\frac{r}{n} )^{nt}$

where:

P = principal amount

r = annual interest

n = number of compounding periods

t = number of years

We already know that:

P = $2000

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Then,

$A=2000(1+\frac{0.07}{4} )^{(4)(7)}\\\\A=2000(1+\frac{0.07}{4} )^{28}\\\\A=3250.825792\\\\A\simeq3250.83$

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Answer:

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WARRIOR [948]

Answer:

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