Answer:
6745.09
Step-by-step explanation:
If we assume the nominal annual interest rate is 5%, then the future value after 6 years is ...
FV = P(1 +r/12)^(12·t)
for P = 5000, r = .05, t = 6.
Doing the arithmetic, we get ...
FV = 5000(1 +.05/12)^(12·6) ≈ 6745.09
After 6 years, the bank account will be worth 6745.09.
_____
We made a comment about the interest rate, because the annual <em>yield</em> is about 5.116%. If the <em>annual yield</em> is actually 5%, then the account value is lower: $6700.48. (Monthly compounding is irrelevant in that case, because it is already figured into the yield.)
Usually, the wording would be that the account <em>earns</em> 5% interest compounded monthly.
Answer:
<u>(7.5-2.1) /2</u>
<u>If the shortest side measures 2.1 m</u>.
<em>7.5-2.1 =5.4.</em> Then divide by 2 each side is 2.7m
So firsty up, you need to have equal denominators IN order to do this equation.
1/3 and 5/12..
3x4=12
So the rule when changing denominators, you multiply 4 intop, so it will become 4/12, and 5/12 + 4/12 = 8/12, and,
8/12 + 1/12= 9/12 and 9/12 simplified is 3/4..
So the answer is 3/4.
Hope this helped.
