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marusya05 [52]
3 years ago
12

Find the sum of r + s, when r= -14.1 and s = 18.3

Mathematics
1 answer:
Vladimir79 [104]3 years ago
3 0
The answer is 4.2 because you have to replace r with -14.1 and s with 18.3. After that you subtract them and you get 4.2
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Phineas puts $800 into a certificate of deposit that earns 3.39%. If the money is compounded monthly, how much will it be worth
arlik [135]

It will be worth $885.51 in 3 years

Step-by-step explanation:

The formula for compound interest, including principal sum is:

A=P(1+\frac{r}{n})^{nt} , where:

  • A is the future value of the investment/loan, including interest
  • P is the principal investment amount  
  • r is the annual interest rate (decimal)
  • n is the number of times that interest is compounded per unit t
  • t is the time the money is invested or borrowed for

∵ Phineas puts $800 into a certificate of deposit

∴ P = 800

∵  The rate of deposit is 3.39%

∴ r = 3.39% = 3.39 ÷ 100 = 0.0339

∵ The money is compounded monthly

∴ n = 12

∵ t = 3

- Substitute these values in the formula above

∴ A=800(1+\frac{0.0339}{12})^{12(3)}

∴ A=800(1.002825)^{36}

∴ A = 885.51407

- Round it to the nearest cent ⇒ hundredths place

∴ A = 885.51

It will be worth $885.51 in 3 years

Learn more:

You can learn more about the interest in brainly.com/question/3614284

#LearnwithBrainly

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