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pashok25 [27]
3 years ago
15

Write 23.061 in words.

Mathematics
1 answer:
Tasya [4]3 years ago
4 0

23.061 written in words is:

twenty-three and sixty-one thousandths.

Note the decimal point.

hope this helps

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Matt invests $1,669 in a saving account with a fixed annual interest rate of 2% compounded 12 times per year. How long will it t
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Answer:

It will take 4.84 years

Step-by-step explanation:

The initial amount that Matt invested was $1669. It means that principal is

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It was compounded 12 times per year. So

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The rate at which the principal was compounded is 2%. So

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The formula for compound interest is

A = P(1+r/n)^nt

A = total amount in the account at the end of t years.

A = 1,844.38

Therefore

1,844.38 = 1669(1+0.02/12)^(12×t)

1,844.38/1669 = (1.0017)^(12t)

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Log 1.1051 = 12tlog 1.0017

0.043 = 0.00074 × 12t

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t = 0.043/0.00888

t = 4.84 years

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