Answer:
$6617
Step-by-step explanation:
Use the formula for calculating compound interest A=P0ert where A is the unknown, P0=4400, r=0.034, and t=12. Substitute the values into the formula and simplify.
A=4400e0.034⋅12
A=4400e0.408
A=4400(1.503...)
A=6616.75
After 12 years, there will be A≈6617 in the account, rounded to the nearest dollar.
Answer:
Your brother gets $16 and you get $8.
Step-by-step explanation:
first of all what is 16+8=24
first step..i started from 2 and did twice of that wich is 4 but that only got $6
second step.... just keep doing your multiples....
third step....as soon as i got to the number 8 i did twice of that and i got 16 then i added those and i got $24
and that is your answer.
6126!!!! You are welcome :) I just took this test today
Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by 
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
9514 1404 393
Answer:
11.5 m
Step-by-step explanation:
The fact that the figures are similar means the side lengths are proportional:
RS/QT = BC/AD
RS/(7 m) = (2.3 m)/(1.4 m)
RS = (7 m)(2.3/1.4) . . . . . . multiply by 7 m
RS = 11.5 m
