Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
a) 
b) 
Step-by-step explanation:
a) 
1. Distribute the second power (2) outside the first pair of parenthesis:
= 
2. Distribute the third power (3) outside the second pair of parenthesis:
= 
3. Combine like terms:
--------------------------------------------
b) 
1. Factor the number 6 (= 2 · 3):
2. Cancel the common factor (2):
3. Cancel out 
in the numerator an denominator:
hope this helps!
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Clifford is making a really big white cake for his sister birthday the recipe calls for 1.5 times as much flour sugar it also calls for one half as much better as sugar almond butter flour and sugar together total 7.5 cut how much butter sugar and flour Def Leppard it mean right and solve any Quetion remember today find your variable and to see your answer in the Fenton
