3 years ago

98.643 divided by 0.04, round answer to the nearest hundredth.

Mathematics

1 answer:

MAXImum [283]3 years ago

5 0

The answer is 2466.08.

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Rudik [331]

Answer:

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3 years ago

$10,000 is compounded quarterly at 12% interest for t years. what expression represents the amount of money after t years.

fredd [130]

we know that

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

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A is the Final Investment Value

P is the Principal amount of money to be invested

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in this problem we have

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$A=10,000(1+\frac{0.12}{4})^{4t}$

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the answer is

$A=10,000(1.03)^{4t}$

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