Answer:the total value of the account after 3 years is $7266
Step-by-step explanation:
Initial amount that Ryan invested into account is $500 This means that the principal is P, so
P = 7000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 1.25%. So
r = 1.25/100 = 0.0125
It was compounded for 3 years. So
n = =3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 7000 (1+0.0125/1)^1×3
A = 7000(1.0125 )^3= $7266
Answer:
It's the last option.
Step-by-step explanation:
3x + 2 > 2
3x > 0
x > 0.
3x ≤ 6
x ≤ 2.
A number line with an open circle on 0, a closed circle on 2, and shading in between.
Answer:
Kelly walks 4/5 of a mile each day.
After 3 days, Kelly walks a distance: D = 3 x 4/5 = 12/5 = 2.4 miles
Hope this helps!
:)