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nlexa [21]
3 years ago
9

Pedro deposited $7,350 into a savings account 21 years ago. The account has an interest rate of 4.5% and the balance is currentl

y $18,810.67. How often does the interest compound?
Mathematics
1 answer:
Licemer1 [7]3 years ago
5 0
The interest is compounded quarterly because the formula is
A=p (1+r/k)^kt
A it's 18810.67 but I will assume it's unknown ?
P present value 7350
R interest rate 0.045
K compounded quarterly 4
Now solve the formula as the interest is compoundedquarterly
A=7,350×(1+0.045÷4)^(4×21)
A=18,810.67

So the answer is quarterly
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Answer the questions below about Line 1 and Line 2 shown below.
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  1. The expression was rewritten using the commutative law of addition.
  2. Line 1 says 3 + 4, which could be represented using dots as ••• + •••• for a total of 7 dots.
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<h3>What is the commutative law of addition?</h3>

The commutative law of addition is also referred to as the law of cumulative addition and it states that if two numbers are added together, then, the outcome is equal to the addition of their interchanged position because addition is considered as a binary operation.

This ultimately implies that, the sum of addends would always be the same (equal) regardless of their arrangement in accordance with the commutative law of addition. Mathematically, the commutative law of addition can be represented using the following formula:

A + B = B + A.

In this context, we can reasonably infer and logically deduce that the given expression was rewritten using the commutative law of addition.

In conclusion, Line 1 says 3 + 4, which could be represented using dots as ••• + •••• for a total of 7 dots. Line 2 says 4 + 3, which could be represented using dots as •••• + ••• for a total of 7 dots.

Read more on commutative law of addition here: brainly.com/question/778086

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