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TEA [102]
3 years ago
6

1.4.7+4.7.10+7.10.13 to n terms

Mathematics
1 answer:
Cerrena [4.2K]3 years ago
8 0
◆ SEQUENCE AND SERIES ◆

Heya !

Check the attachment.
Hope it helps you ;)

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$1500 is invested at a rate of 3% compounded monthly. Write a compound interest function to model this situation. Then find the
Marianna [84]

Answer:

<u>Equation</u>:  F=1500(1.0025)^{12t}

<u>The balance after 5 years is:  $1742.43</u>

<u></u>

Step-by-step explanation:

This is a compound growth problem . THe formula is:

F=P(1+\frac{r}{n})^{nt}

Where

F is future amount

P is present amount

r is rate of interest, annually

n is the number of compounding per year

t is the time in years

Given:

P = 1500

r = 0.03

n = 12 (compounded monthly means 12 times a year)

The compound interest formula modelled by the variables is:

F=1500(1+\frac{0.03}{12})^{12t}\\F=1500(1.0025)^{12t}

Now, we want balance after 5 years, so t = 5, substituting, we get:

F=1500(1.0025)^{12t}\\F=1500(1.0025)^{12*5}\\F=1500(1.0025)^{60}\\F=1742.43

<u>The balance after 5 years is:  $1742.43</u>

3 0
3 years ago
I WILL MARK CROWN just need help asap right answer
Ganezh [65]

Answer:

Step-by-step explanation:

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Whats the powerpoint equation to 86.4
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Answer:

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Step-by-step explanation:

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A circular window has a diameter of 20 inches.<br> What is the area of the window?
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Answer:

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Step-by-step explanation:

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