Answer:
See below.
Step-by-step explanation:
9.55 * 10^3 = 9550.
So it is greater than 5,900.
The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in 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
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴ 
∴ 
∴ 
- Divide both sides by 
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
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Answer:
42
Step-by-step explanation:
So if the result of it is 31,
And it is 53 less you would add back 53
53 + 31 = 84
And it is twice a number so you divide by 2 (opposite of twice a number)
84/2 = 42
Exponential laws

so
(m^(2/3))^(1/2)=m^(2/3 times 1/2)=m^(2/6)=m^(1/3)=
![\sqrt[3]{m^{1}}](https://tex.z-dn.net/?f=%20%5Csqrt%5B3%5D%7Bm%5E%7B1%7D%7D%20)
=
Since each share was purchased when it was still quoted at 20 1/4, then when the stock value increases, it gains (25 1/4 - 20 1/4) = $5.00 for each stock.
Since you're to sell 30 shares of your stock, that means you'll be making a profit of (30 x 5 ) = $150.00.
Thus, the answer is C<span>.</span>