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Kryger [21]
4 years ago
5

You deposit $750 into an account that earns 8% interest, compounded yearly. How much money is in the account after 7 years (assu

ming you did not withdraw or deposit any of it)?
Mathematics
2 answers:
julia-pushkina [17]4 years ago
8 0

Answer:

1285.37

Step-by-step explanation: You can use the formula for compound interest:  

P(1+R)^t

P = the principle, the amount of money

(1+R) = the rate, (%) as a decimal plus 1

^t = to the power of the number of years

Substitute the values:

750(1+0.08)^7

750(1.08)^7

1285.37

zvonat [6]4 years ago
7 0

Answer:

$1,285.37

Step-by-step explanation:

After 8% interest, the amount increases to 108% of the previous year.

108% = 1.08

After 7 years,

750 × (1.08)⁷

1,285.3682015846

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Harlamova29_29 [7]

Answer:

x = 21

Step-by-step explanation:

1. Write the equation

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2. Multiply both sides by 5

18 + 2x = 60

3. Subtract 18 from both sides

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4. Solve for x by dividing both sides by 2

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3 years ago
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Answer:

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3 years ago
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Please help me with this geometry question <br><br> image attached
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Answer:

32

Step-by-step explanation:

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8 0
3 years ago
POSSIBLE POINTS: 4.17 Mario's parents tell him he doesn't have to do the dishes if he can flip heads on a fair coin and roll an
Ivan

Answer:

P(heads and even number) = 1/4

Step-by-step explanation:

Given:

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