What is 8,274 rounded to the nearest thousand
2 answers:
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Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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Answer: v = -3
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Work Shown:
As you can see, we don't square both sides until the square root portion is fully isolated or on its own side. So it happens after we subtract 1 from both sides.
Technically, you are able to square both sides without first isolating the square root. But that would mean you'd have to use the FOIL rule and things would get a bit messier than they have to be. Not to mention that the square root term wouldn't fully go away (so you'd have to square again later down the line).
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Checking the answer:
Replace every copy of v with -3. Simplify both sides. We should end up with the same number on each side
The answer is confirmed.