I need help with my homework please answer this correctly

Mathematics

1 answer:

disa [49]2 years ago

3 0

20+9=29
20-9=11
The answer is 20 and 9. Hope this helps.

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Jenny's parents deposit $10,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to e

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Ok so <span>Interest = Principle * rate * time P = 10,000 R = 3% = 0.03 T (we need to solve for t I = 3600 now we sub.. 3600 = (10,000)(0.03)(t) 3600 = 300t -- divide both sides by 300 3600/300 = t 12 = t check.. I = prt 3600 = (10000)(0.03)(12) 3600 = (300)(12) 3600 = 3600 (correct) It would take 12 years</span>

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the distance around a circle (the circumference) is about 3.14 times the diameter. If a circulares table has a diameter of 3 fee

Katyanochek1 [597]

Well.
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Which of the following is the balance for a single $3,200 deposit in an account with an APR of 2.6% that compounds interest quar

Flauer [41]

Answer:

$FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590$

Step-by-step explanation:

For this case we can use the formula for the future value with compound interest given by:

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

For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.

r represent the rate =0.026

t = 6 represent the number of years

P = 3200 represent the amount invested at the begin

If we apply the formula (1) we got:

$FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590$

So then the balance after 6 years would be approximately 50995 with the conditions provided.

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2 years ago